New Year's Day or a new round of increase
According to statistics, at present, the inventory of iron ore in 45 ports across the country is 142.63 million tons, up by 450,000 tons from last Friday's data. The average daily port volume rose to 2.7619 million tons from 2.6762 million tons last Friday. Australia's iron ore shipments totaled 165.5 million tons, a decrease of 1.441 million tons from the previous quarter and 14.245 million tons to China, a decrease of 673,000 tons from the previous month. At present, North China prohibits the lifting of the port of motor transport and port policy, lifting the port volume, reducing the port pressure port phenomenon, the current foreign shipments are still large, is expected in the short term port stock is still likely to rise.
Looking to the market outlook, Li Ying believes that the current mines ore mines maintained at a low level of multi-maintenance, on-demand replenishment-based, January New Year approaching, mills or pre-holiday replenishment behavior, the miners are quite willing to price Obviously, before the holiday or a new round of increase. However, the main body of market transactions are mostly mainstream high-grade ore resources. The price gap between low-grade and high-grade products is continuously widening. The inventory of low- and middle-income goods in the late period is on the rise, or the overall price is somewhat restrained. The increase may be
In the long term, Zhuo Gui-chiu, an analyst at Jinrui Futures said that the supply and demand of high-grade iron ore will tend to be balanced by the tightness in 2018. The main contradiction affecting the price of iron ore in 2018 is the supply and demand of high-grade mines. It is estimated that in 2018, High-grade ore new supply of at least 50 million tons, iron ore "supply - cost" curve to further down and flat, while large-scale blast furnace to enhance the demand for high-quality ore rigidity, supply and demand of iron ore usher in ore-dominated era. "The price of iron ore is expected to fluctuate weakly in 2018 with the spot price running at 45-70 US dollars / dry ton, or 400-600 yuan / dry ton."
