The hottest data showed that iron ore prices rose

2022-07-29
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Data show that iron ore prices rose for five consecutive weeks. Introduction: the price monitoring of means of production released by the Ministry of Commerce on the 9th showed that iron ore prices rose by 2.2% last week, which has been in place for five consecutive weeks, with a cumulative increase of 8.4% over the beginning of July. Xinhua - data released on the same day by China's iron ore price index also showed that as of August 8, the price of 58% grade iron ore index

according to the price monitoring of means of production released by the Ministry of Commerce on the 9th, the iron ore price rose by 2.2% last week, which has risen slightly for five consecutive weeks, with a cumulative increase of 8.4% over the beginning of July

"Xinhua China iron ore price index" data released on the same day also showed that as of August 8, the iron ore price index of 58% grade was 153, up 2 units from last week. China's port iron ore inventory (coastal 25 ports) was 96.82 million tons, a decrease of 170000 tons over last week, a month on month decrease of 0.18%. The import grade of China is 63.5%

the economic analysts of Xinhua News Agency pointed out that the price of imported iron ore continued to rise this week, and the prices offered by merchants remained high. Compared with last week, the transaction prices also rose slightly. In addition, the port iron ore inventory decreased slightly this week, and low-grade ores were in short supply

analysts pointed out that at the initial stage of the experimental machine, due to the sharp rise in the price of domestic iron ore concentrate this week and the reduction in the price difference with imported ore, the demand of domestic steel mills for imported iron ore has increased rapidly, which has become an important factor for the continuous rise in the price of imported iron ore. At the same time, the large-scale construction of affordable housing started intensively in the second half of the year continued to stimulate the demand of the steel market, resulting in the recent active domestic steel market, and the prices of billets and steel have been continuously rising, which has played a supporting role in the consumption upgrading of imported ore prices

internationally, this month, the United States raised its debt ceiling again. At the same time, its sovereign debt rating was downgraded. The dollar depreciation trend is obvious. The already severe global inflation situation may face a greater test. Iron ore, as a basic industrial raw material, is also affected by the above negative factors to a certain extent, and the pressure of price rise is further strengthened. In the import external market, India is short of mineral resources, the mine price has risen slightly, and the external bidding price has continued to rise

in general, the current imported iron ore market is in the off-season. The strong domestic demand for iron ore keeps the price of imported ore high. Affected by the recent international market, the price of imported iron ore will continue to increase

as iron ore long-term association pricing is gradually replaced by more flexible index pricing, iron ore pricing index has become a new focus of contention. Zhang Changfu, Secretary General of CISA, said last week that in addition to the "Xinhua China iron ore price index" and the iron ore index of United metals, the "China iron ore price index" compiled by CISA will be officially put into operation in October, and it is entrusted with the mission of "competing for the voice of iron ore pricing"

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