Monthly Iron Ore Market Report Jun 2019

Prices of both Chinese origin and imported iron ore soared in June.Asian Metal CopyrightPrices of both Chinese origin and imported iron ore soared in June.Asian Metal Copyright Supply was very tight in the spot market due to decreasing import in the month.Asian Metal Copyright Many steel mills were forced to cut iron ore inventory in the month, but still failed to push down iron ore prices.Asian Metal Copyright And as steel mills still could make some profits, they maintained as high operation rate as possible, which resulted in strong demand of iron ore.Asian Metal Copyright Supply was very tight in the spot market due to decreasing import in the month.Asian Metal Copyright Many steel mills were forced to cut iron ore inventory in the month, but still failed to push down iron ore prices.Asian Metal CopyrightPrices of both Chinese origin and imported iron ore soared in June.Asian Metal Copyright In the meanwhile, prices of metallurgical coke kept sliding, lowering steel production costs accordingly and allowing steel mills to bear higher iron ore prices.Asian Metal Copyright Many steel mills were forced to cut iron ore inventory in the month, but still failed to push down iron ore prices.Asian Metal Copyright Insiders mostly believe iron ore supply can hardly improve much within July and prices of iron ore may stay firm as a result.
.Asian Metal Copyright And as steel mills still could make some profits, they maintained as high operation rate as possible, which resulted in strong demand of iron oreAsian Metal Copyright