Monthly Iron Ore Market Report Oct
2018-11-07 17:22:52 【Print】
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In October, the operation of blast furnaces of steel mills in provinces such as Hebei, Henan, Shanxi, and Shandong showed little change compared with that of last month; the demand for iron ore remained stable. Prices of domestic iron ore dropped in Northeast China; those in North, East, and South China went up to different extent, and the supply was tight. As most Australian mining companies such as Rio Tinto conducted equipment maintenance, the arrival of Australian iron ore to ports was poor; in addition, the inventory of Australian iron ore at ports kept dropping, so Australian iron ore prices continued to go up, which drove up Brazilian iron ore prices. But the transactions were fewer than those in the past two months.
According to insiders, imported iron ore prices in early-to-mid November would stay firm; in mid-to-late November, with the stricter production restriction upon steel mills and better arrival of imported iron ore to ports, imported iron ore prices would decrease from a high level.
According to insiders, imported iron ore prices in early-to-mid November would stay firm; in mid-to-late November, with the stricter production restriction upon steel mills and better arrival of imported iron ore to ports, imported iron ore prices would decrease from a high level.
