Monthly Iron Ore Market Report Jun 2018
2018-07-11 17:37:08 【Print】
The following is a brief synopsis of the report. Your access is restricted as it is a subscription based service.
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Steel mills in Xuzhou were still in production halt in June. As central environmental protection inspection team reviewed ten provinces and the Blue Sky Protection Campaign started, most provinces faced heavy environmental protection pressure. The operation of blast furnaces and sintering work of steel mills were restricted; the demand for iron ore stood weak generally. Prices for domestic iron ore in North China stayed stable generally; and those in South China remained basically unchanged compared with that of last month. As for imported iron ore at ports, as the operating of blast furnaces and sintering work of steel mills were restricted, the demand for iron ore lumps and high-quality iron ore lumps increased while the supply at ports became tight, so prices for iron ore lumps and high-quality iron ore lumps went up this month. Meanwhile, prices for Australian iron ore fines remained stable with range oscillating owing to large stocks at ports and steel mills' stable purchase volume. From mid-June, prices for downstream steel product continued to move down, and prices for raw material such as iron ore lacked support. Insiders predicted that the demand for iron ore would still be weak in July with the normalized environmental protection pressure.
