The impact of the European and American debt crisis on iron ore prices has risen

Imported iron ore after a brief decline in June, iron ore imports in July rebounded again, reaching 54.55 million tons, up 7% from the same period last year; at the same time its price reached a new high, imported iron The average price of ore reached US$173.2/ton, and the domestic imported iron ore showed a rising trend. The author believes that with the steel market in the off-season is about to leave the market, the peak season is quietly coming, steel demand is expected to be heavy, and the situation of iron ore prices will continue to rise in the later period.

After a month of silence, the iron ore import was again heavy, and the output was a new high. In addition to the domestic replenishment of the upcoming peak season, it was rumored that the tightness of the Indian mine resources also supported the rise of the outer iron ore price. At the same time, last week, the US debt rating was downgraded to AA level, and the international market research and judgment of the dollar depreciation will become the norm, making the global inflation situation face a greater test. Iron ore, a basic industrial raw material, was affected by this, and the pressure of rising prices further appeared.

According to market reports, iron ore prices rose by 2.2% last week, which has risen slightly for five consecutive weeks, accumulating 8.4% from the beginning of July. Domestic steel companies have already had strong demand for foreign mines. In addition, the report also pointed out that this week imported iron ore. Stone prices continue to rise, market quotations remain high, and the upward trend will continue to be maintained due to the shortage of low-grade ore stocks in domestic ports, and domestic steel price support will increase.

It is understood that due to the impact of the European and American debt crisis, the domestic steel market has seen a short-term downward trend in the future after the stock market plunged last week. The market began to stabilize in the middle of this week, and the business mentality gradually recovered, which is largely The iron ore, billet and other raw materials are strongly supported by the high level, but the merchants said that although the steel market is about to pass, the market turnover has been sluggish, and the middlemen are also subject to the shock of stocks and futures, and the market is short-term. The formation of tacit understanding, the overall stability, and some maintain a high level of narrow fluctuations adjustment operation, waiting for the price of domestic mainstream steel mills.

Some analysts said that the depreciation of the US dollar and the price of imported iron ore continued to rise. The September price policy that steel mills will introduce in the near future may be more considering cost factors and downstream order factors. In the upcoming peak season is also full of uncertainty; based on this, the mainstream steel mills will be dominated by the late stage of the market, but considering the stability of the market, steel mills should try to support the market at a stable price.

In general, the current continuous tight funding form, coupled with the extreme instability of the external disk, while the overall tight supply of iron ore in the three major mines remains unchanged. In the current domestic demand for ore remains strong, future mineral prices There is still a certain amount of upside, and it is difficult to see a declining decline before the end of the year. Domestic steel prices will continue to run at high levels under high cost support.

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