Iron ore market is weak

On the 15th, the domestic iron concentrate powder market was running weakly and transactions were worrying. The iron ore fines market in North China remains weak and stable. At present, 66% of iron powder in Tangshan is tax-free and shipped from 1145-1155 yuan/ton. The iron concentrate market in East China and South Central China fluctuates little.

The imported iron ore market showed a weak trend. Affected by the high price of external disk, traders have limited profits, they did not dare to stockpile a large amount of goods, and operated with caution. They have a more wait-and-see attitude towards the market outlook and are expected to continue weakening in the future.

The domestic imported laterite nickel ore market continued to maintain stability and transactions were generally in place. The outer disk was stable and the transaction was weak. In the spot market, there are fewer suitable resources in the port, and nickel ore traders offer actively, and they are mainly concentrated in the middle grade. Nickel iron plant inquiry generally, the purchasing enthusiasm is not very high.

On the 14th, the shipping market as a whole performed well and the dry bulk index continued to hit a new high during the year. Strong iron ore shipping activities boosted market sentiment.

On the 15th, most parts of the pig iron market remained stable, and steel-making pig iron resources remained insufficient. Cast iron and ductile iron stocks were small, and transactions turned weak.

The direct-reduced iron market as a whole is operating steadily. Spot transactions in all regions are normal, and the quoted price in the mainstream market remains unchanged. The market price of reduced iron powder is still light, and the mainstream market price is weak and stable. The businesses in various regions reflect a serious shortage of spot market demand in the downstream market.