Monthly Iron Ore Market Report Jul 2018
2018-08-09 16:59:27 【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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In July, most steel mills in Xuzhou, Jiangsu were still in production halt. In mid-to-late July, the production restriction upon steel mills in Handan and Tangshan, Hebei became stricter, and the demand for iron ore further decreased. Iron ore prices in Northeast China stayed relatively stable after the decrease early this month; those in North and East China moved up stably from late this month. As downstream steel mills still purchased high-quality iron ore fines actively, and the supply at ports was tight, prices for high-quality low-Al iron ore fines continued to move up. At the same time, with the production restriction in Tangshan, prices for downstream steel products went up, which drove up imported iron ore prices. Prices for imported iron ore at ports went up stable from late this month. Most insiders predicted that steel product prices would show a firm trend in peak season in August; iron ore prices would move up with fluctuation.
