The imported iron ore market continued to pick up on August 1. Among them, the external disk market has seen a significant slowdown from the previous day, while the domestic port spot market has continued to rise slightly, and individual varieties have remained stable. At present, the market inquiry disk continues to increase, but the overall market turnover still does not see improvement.
In recent days, domestic steel prices have rebounded sharply, and the price of imported iron ore has also picked up. However, with the gradual slowdown in the increase in steel prices, the strength of the iron ore market in the imported market has been relatively limited. Individual varieties have not drawn enough power to start to stabilize. .
According to the feedback of the merchants, the external disk market continues to pull up slightly, and the amount of bidding for mines has fallen. In particular, the bidding price of Pakistan Mines has continued to increase slightly in recent days. Among them, yesterday, a mine in Brazil tendered 90,000 tons of 63.49% fine ore, the tender price rose slightly, but the results have not yet been announced; a platform traded a single 110,000 tons of Australian flour, the transaction price rose slightly. At the same time, the ** market offer continued to be less, the price slightly increased, but because the steel factory believes that the price is high, the willingness to accept is not strong, the transaction is less.
With regard to the domestic port spot market, due to the continued recovery of the external market and the domestic steel spot market, the business mentality of the market continued to improve, and the overall market price continued to increase steadily. Some port varieties offered temporary stability. At present, some mainstream traders continue to expand tentatively, and the market activity has increased. Not only has there been more inquiries, there has also been a slight improvement in market transactions.
According to the monitoring, the major ports in Caofeidian, Jingtang, Tianjin, Rizhao, Qingdao, Fangchenggang, Zhanjiang, Lianyungang and other ports in the mainstream of Australian and Pakistani crude prices rose by 5-10 yuan/ton from the previous day. The prices of printing powders held steady; the quoted prices of mainstream fines from Jiangyin Port, Zhenjiang Port, and Nantong Port continued to increase from the previous day, with an increase of 5-10 yuan/ton.
On the other hand, due to the fact that some steel mills started targeted procurement, the market transactions have improved, but the purchase of steel mills has never been heavy. Moreover, with the improvement of market transactions, traders continued to increase their bids tentatively. The purchasing enthusiasm of steel mills was quickly curbed and the overall turnover was still weak.
Although the current steel market continues to rebound, but many steel mills are still in the stage of loss, the later steel mills will gradually increase the overhaul maintenance will gradually increase, iron ore demand will continue to decrease, and there is no obvious improvement in the end demand of steel, inventory is still high Under the circumstance, it is difficult for the steel market to really improve. It is expected that the short-term import iron ore market will be dominated by weak consolidation.
In recent days, domestic steel prices have rebounded sharply, and the price of imported iron ore has also picked up. However, with the gradual slowdown in the increase in steel prices, the strength of the iron ore market in the imported market has been relatively limited. Individual varieties have not drawn enough power to start to stabilize. .
According to the feedback of the merchants, the external disk market continues to pull up slightly, and the amount of bidding for mines has fallen. In particular, the bidding price of Pakistan Mines has continued to increase slightly in recent days. Among them, yesterday, a mine in Brazil tendered 90,000 tons of 63.49% fine ore, the tender price rose slightly, but the results have not yet been announced; a platform traded a single 110,000 tons of Australian flour, the transaction price rose slightly. At the same time, the ** market offer continued to be less, the price slightly increased, but because the steel factory believes that the price is high, the willingness to accept is not strong, the transaction is less.
With regard to the domestic port spot market, due to the continued recovery of the external market and the domestic steel spot market, the business mentality of the market continued to improve, and the overall market price continued to increase steadily. Some port varieties offered temporary stability. At present, some mainstream traders continue to expand tentatively, and the market activity has increased. Not only has there been more inquiries, there has also been a slight improvement in market transactions.
According to the monitoring, the major ports in Caofeidian, Jingtang, Tianjin, Rizhao, Qingdao, Fangchenggang, Zhanjiang, Lianyungang and other ports in the mainstream of Australian and Pakistani crude prices rose by 5-10 yuan/ton from the previous day. The prices of printing powders held steady; the quoted prices of mainstream fines from Jiangyin Port, Zhenjiang Port, and Nantong Port continued to increase from the previous day, with an increase of 5-10 yuan/ton.
On the other hand, due to the fact that some steel mills started targeted procurement, the market transactions have improved, but the purchase of steel mills has never been heavy. Moreover, with the improvement of market transactions, traders continued to increase their bids tentatively. The purchasing enthusiasm of steel mills was quickly curbed and the overall turnover was still weak.
Although the current steel market continues to rebound, but many steel mills are still in the stage of loss, the later steel mills will gradually increase the overhaul maintenance will gradually increase, iron ore demand will continue to decrease, and there is no obvious improvement in the end demand of steel, inventory is still high Under the circumstance, it is difficult for the steel market to really improve. It is expected that the short-term import iron ore market will be dominated by weak consolidation.
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