Monthly Iron Ore Market Report Feb 2018

Demand was inactive in February for both domestic and imported iron ore in the month when the Chinese Spring Festival holiday lasted about one week.Asian Metal CopyrightDemand was inactive in February for both domestic and imported iron ore in the month when the Chinese Spring Festival holiday lasted about one week.Asian Metal Copyright Many downstream steel mills already had restocked sufficient iron ore before the transportation nearly collapsed right before and after the holiday.Asian Metal Copyright The market is very likely to slide in March if demand from downstream steel mills could not improve in time.Asian Metal Copyright Demand of downstream steel products would also be very dull from downstream real estate and other construction industry due to the winter and holiday factors.Asian Metal Copyright The market is very likely to slide in March if demand from downstream steel mills could not improve in time.Asian Metal Copyright But the weak demand failed to depress iron ore prices to slide much.Asian Metal Copyright However, the increasing inventory and continual softening demand would make iron ore prices very fragile at the high level in late February.Asian Metal Copyright And supported by the weakening US dollars and rising petroleum prices, prices of imported iron ore quickly hiked in February, which also pushed upward prices of domestic iron ore accordingly.Asian Metal Copyright Demand of downstream steel products would also be very dull from downstream real estate and other construction industry due to the winter and holiday factors.Asian Metal Copyright However, the increasing inventory and continual softening demand would make iron ore prices very fragile at the high level in late February.Asian Metal Copyright However, the increasing inventory and continual softening demand would make iron ore prices very fragile at the high level in late February.Asian Metal Copyright The market is very likely to slide in March if demand from downstream steel mills could not improve in time.
.Asian Metal CopyrightDemand was inactive in February for both domestic and imported iron ore in the month when the Chinese Spring Festival holiday lasted about one weekAsian Metal Copyright