Last week (December 6-12, the same below) the imported iron ore market failed to continue the trend of the improvement of the previous two weeks, fell into a downturn again, and most steel mills and traders remained on the sidelines. The steel mills have calmed down from the early chase, and the overall performance is relatively stable. At present, the price of foreign ore is lower than that of domestic ore. Most steel mills still adopt "purchase restriction" measures, and purchase iron ore raw materials in accordance with steel orders to avoid procurement risks caused by price fluctuations.

 

At the same time, port traders have not shown any signs of increasing spot quotes, and traders have weakened their expectations for the market outlook. Affected by the arrival of the peak loan repayment period at the end of the year, most import traders stepped up selling high-priced ore that had been hoarded for a long time, and port inventory continued to be consumed.

 

Xinhua News Agency economic analysts believe that the recent decline in China ’s crude steel output is the direct cause of the decline in the price of iron ore markets, and the stalemate in the iron ore market is difficult to ease in the short term. Although it is currently judged from the downstream market and the relationship between supply and demand that imported iron ore prices are likely to continue to fall, considering that most steel mills have insufficient stocks, they may choose to purchase in the market in the near future. So much better. The imported iron ore market is expected to remain stable next week and prices will not change significantly.