Iron Market Report February 2016

Thin deals were concluded in the month due to the Lunar Spring Festival in China.Asian Metal CopyrightG.Asian Metal Copyright Most participants were resting in the first half of the month.Asian Metal Copyright cast iron and cast iron stayed slow all through the month and buyers were reluctant to rebuild stocks especially when iron prices climbed up quickly.Asian Metal Copyright With buyers absent from the market, supply of both S.Asian Metal Copyright But with most casting plants still in low operation, demand of both S.Asian Metal CopyrightG.Asian Metal Copyright Most participants were resting in the first half of the month.Asian Metal Copyright cast iron and cast iron was increasing in the month and many insiders were expecting iron prices to fall in the second half of the month when the holiday was over.Asian Metal CopyrightThin deals were concluded in the month due to the Lunar Spring Festival in China.Asian Metal Copyright However, pushed by rapidly increasing iron ore prices, iron producers had to raise their sales prices after the holiday to avoid losses with production cost rising significantly.Asian Metal Copyright cast iron and cast iron stayed slow all through the month and buyers were reluctant to rebuild stocks especially when iron prices climbed up quickly.Asian Metal Copyright And by the end of the month, many iron producers that closed before the holiday still had not resumed production yet.Asian Metal Copyright However, pushed by rapidly increasing iron ore prices, iron producers had to raise their sales prices after the holiday to avoid losses with production cost rising significantly.Asian Metal Copyright The low output also supported iron prices a bit.Asian Metal Copyright .Asian Metal Copyright But with most casting plants still in low operation, demand of both S.Asian Metal Copyright cast iron and cast iron was increasing in the month and many insiders were expecting iron prices to fall in the second half of the month when the holiday was over.Asian Metal CopyrightG.Asian Metal CopyrightG.Asian Metal Copyright cast iron and cast iron stayed slow all through the month and buyers were reluctant to rebuild stocks especially when iron prices climbed up quickly.Asian Metal Copyright And by the end of the month, many iron producers that closed before the holiday still had not resumed production yet.Asian Metal Copyright Insiders expect iron supply to improve in March and believe iron ore prices may slide then due to lack of support from the downstream markets.Asian Metal CopyrightG.Asian Metal Copyright With production cost decreasing, iron price may follow suit with demand also inactive.

.Asian Metal Copyright With production cost decreasing, iron price may follow suit with demand also inactiveAsian Metal Copyright