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China Steel Association: steel prices narrow fluctuations in iron ore prices are difficult to rise significantly
In September, steel and iron ore prices rose slightly as a result of favorable policies such as increased investment in infrastructure. Due to the reduction of iron and steel production ring ratio, the intensity of iron ore demand weakened, iron ore prices are difficult to rise sharply in the later period, will continue to show a small fluctuation trend.
1. China's iron ore price index has risen from a decline to a rise.
At the end of September, China's iron ore price index (CIOPI) was 249.89, up 8.40 points, or 3.48%, according to the steel association. Among them: the domestic iron ore price index was 240.45 points, up 5.69 points, up 2.42%, narrowing 1.93 percentage points from the previous month; the imported iron ore price index was 251.31 points, up 8.81 points, up 3.63%, the ring ratio from decline to rise.
From the average monthly level, China's iron ore price index (CIOPI) is higher than last month. In September, the CIOPI composite index averaged 248.69 points, up 3.75 points, or 1.53 percent, from the previous month, narrowing by 2.58 percentage points. Among them: the average price index of domestic iron ore was 237.60 points, up 6.76 points, or 2.93%, or 0.78 percentage points, compared with the previous month; the average price index of imported iron ore was 250.37 points, up 3.30 points, or 1.34%, or 2.83 percentage points.
Two, the price of domestic iron ore and imported ore has increased.
At the end of September, the CIOPI domestic iron concentrate tax price was 618.71 yuan / ton, up 14.22 yuan / ton, up 2.35%; CIOPI imported fine ore CIF price was 67.88 U.S. dollars / ton, up 2.38 U.S. dollars / ton, up 3.63%.
According to the monthly average, the average tax price of domestic iron concentrate is 611.39 yuan / ton, up 17.40 yuan / ton from last month, or 2.93%. Among them: from September 3rd to the end of 9, from 605.43 yuan / ton fluctuation up to 618.71 yuan / ton.
The average CIF price of imported ore is 67.62 US dollars / ton, up 0.89 US dollars / ton from last month, an increase of 1.33%. Among them: from September 3 to 18, fluctuations from $65.35 per ton rose to $68.79 per ton; from September 18 to the end of September, from $68.79 per ton to $67.88 per ton.
Three. Analysis of the trend of iron ore price in later stage
Affected by the state's policy measures such as increasing infrastructure investment and short board, domestic market demand remained stable. Due to the escalating trade frictions between China and the United States, as well as the impact of environmental policy measures, uncertainties have increased, it is difficult to increase iron and steel production in the later period, the intensity of iron ore demand has decreased, the overall market is still oversupply, iron ore prices will be difficult to continue to rise.
1, iron and steel production fell, iron ore demand intensity declined.
According to the statistics of the Tenth Decade Report of the Iron and Steel Association, the average daily output of member iron and steel enterprises was 198.75 million tons in mid-early September. The estimated daily output of crude steel was 2.51 million tons nationwide, down 2.98% from August, and the estimated daily output of iron was 2.367 million tons nationwide, down 5.28% from August. Affected by the decline in iron and steel production, iron ore demand intensity has been reduced.
2, iron ore port remains high, the overall situation is still oversupply.
At the end of September, China's imported iron ore ports had an inventory of 145 million tons, a decrease of 2.17 million tons, or 1.47 percent, compared with the previous year; however, they were still at a high level, up 11.59 million tons, or 8.68 percent, compared with the same period last year; in August, China's pig iron output was 66.66 million tons, the same as the same period last year; and iron ore imports were 89.35 million tons, up 0.9 percent. Compared with the same period of last year, the iron ore import volume increased by only 3 million 960 thousand tons over the same period, and 7.10 million tons of iron ore imports in the same period. Overall, the situation of oversupply of iron ore market has not changed.
3, steel prices fluctuate narrowly and iron ore prices are hard to rise sharply.
Judging from the trend of steel prices, due to relatively stable demand, supply pressure is greater. China's steel price index (CSPI) rose slightly in the first three weeks and fell slightly in the fourth week, with an average of 121.96 in September, up 0.79 points, or 0.65 percent, from August. Due to the slow global economic recovery, the continuous adjustment of domestic economic structure, and the impact of Sino-US trade frictions on domestic steel downstream industries, iron ore demand in the late period is generally weak, prices are difficult to rise substantially, and will show a small fluctuation trend. (source: China Steel Association)
1. China's iron ore price index has risen from a decline to a rise.
At the end of September, China's iron ore price index (CIOPI) was 249.89, up 8.40 points, or 3.48%, according to the steel association. Among them: the domestic iron ore price index was 240.45 points, up 5.69 points, up 2.42%, narrowing 1.93 percentage points from the previous month; the imported iron ore price index was 251.31 points, up 8.81 points, up 3.63%, the ring ratio from decline to rise.
From the average monthly level, China's iron ore price index (CIOPI) is higher than last month. In September, the CIOPI composite index averaged 248.69 points, up 3.75 points, or 1.53 percent, from the previous month, narrowing by 2.58 percentage points. Among them: the average price index of domestic iron ore was 237.60 points, up 6.76 points, or 2.93%, or 0.78 percentage points, compared with the previous month; the average price index of imported iron ore was 250.37 points, up 3.30 points, or 1.34%, or 2.83 percentage points.
Two, the price of domestic iron ore and imported ore has increased.
At the end of September, the CIOPI domestic iron concentrate tax price was 618.71 yuan / ton, up 14.22 yuan / ton, up 2.35%; CIOPI imported fine ore CIF price was 67.88 U.S. dollars / ton, up 2.38 U.S. dollars / ton, up 3.63%.
According to the monthly average, the average tax price of domestic iron concentrate is 611.39 yuan / ton, up 17.40 yuan / ton from last month, or 2.93%. Among them: from September 3rd to the end of 9, from 605.43 yuan / ton fluctuation up to 618.71 yuan / ton.
The average CIF price of imported ore is 67.62 US dollars / ton, up 0.89 US dollars / ton from last month, an increase of 1.33%. Among them: from September 3 to 18, fluctuations from $65.35 per ton rose to $68.79 per ton; from September 18 to the end of September, from $68.79 per ton to $67.88 per ton.
Three. Analysis of the trend of iron ore price in later stage
Affected by the state's policy measures such as increasing infrastructure investment and short board, domestic market demand remained stable. Due to the escalating trade frictions between China and the United States, as well as the impact of environmental policy measures, uncertainties have increased, it is difficult to increase iron and steel production in the later period, the intensity of iron ore demand has decreased, the overall market is still oversupply, iron ore prices will be difficult to continue to rise.
1, iron and steel production fell, iron ore demand intensity declined.
According to the statistics of the Tenth Decade Report of the Iron and Steel Association, the average daily output of member iron and steel enterprises was 198.75 million tons in mid-early September. The estimated daily output of crude steel was 2.51 million tons nationwide, down 2.98% from August, and the estimated daily output of iron was 2.367 million tons nationwide, down 5.28% from August. Affected by the decline in iron and steel production, iron ore demand intensity has been reduced.
2, iron ore port remains high, the overall situation is still oversupply.
At the end of September, China's imported iron ore ports had an inventory of 145 million tons, a decrease of 2.17 million tons, or 1.47 percent, compared with the previous year; however, they were still at a high level, up 11.59 million tons, or 8.68 percent, compared with the same period last year; in August, China's pig iron output was 66.66 million tons, the same as the same period last year; and iron ore imports were 89.35 million tons, up 0.9 percent. Compared with the same period of last year, the iron ore import volume increased by only 3 million 960 thousand tons over the same period, and 7.10 million tons of iron ore imports in the same period. Overall, the situation of oversupply of iron ore market has not changed.
3, steel prices fluctuate narrowly and iron ore prices are hard to rise sharply.
Judging from the trend of steel prices, due to relatively stable demand, supply pressure is greater. China's steel price index (CSPI) rose slightly in the first three weeks and fell slightly in the fourth week, with an average of 121.96 in September, up 0.79 points, or 0.65 percent, from August. Due to the slow global economic recovery, the continuous adjustment of domestic economic structure, and the impact of Sino-US trade frictions on domestic steel downstream industries, iron ore demand in the late period is generally weak, prices are difficult to rise substantially, and will show a small fluctuation trend. (source: China Steel Association)
