The import volume of iron ore continued to decline

2022-08-19
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In April, the import volume of iron ore continued to decline, and the demand or continued to weaken

the import volume of iron ore continued to decline, and the demand or continued to weaken

China Construction machinery information

Guide: the data shows that at present, China's steel and ore market demand is in a weak state, and industry analysts are pessimistic about the follow-up market. According to the data released by the General Administration of customs, China imported 52.88 million tons of iron ore in April, down 4.5% year-on-year and 11.1% month on month, following the import of ore in March

the data shows that at present, China's steel and ore market demand is in a weak state, and industry analysts are pessimistic about the follow-up market

according to the data released by the General Administration of customs, China imported 52.88 million tons of iron ore in April, a year-on-year decrease of 4.5% and a month on month decrease of 11.1%, which is another decline after the rebound in ore imports in March

some analysts believe that after entering April, most steel mills began to implement the long-term association price in the second quarter, which was 25% higher than the price in the first quarter in March, so steel mills' imports were relatively reduced

the data of new functional copper alloy materials with high thermal conductivity, electric conductivity and corrosion resistance submitted by Guoliang copper of the General Administration of customs also shows that the average price of China's iron ore imports in April was 160.45 US dollars/ton, which was basically flat month on month and continued to be at a historical high. From January to April, the average import price of China's iron ore was 157.6 US dollars/ton, up 53.9% year-on-year

for the future import market, some analysts predict that due to the continuous high domestic crude steel production and strong demand for iron ore, with the digestion of inventory, the import volume of iron ore in May and June is likely to rebound, but due to the unclear expectations of the downstream steel market, the steel plant procurement is still conservative. "Steel mills do not want to reserve too much inventory in the case of unknown external situation, so it is expected that the import volume of ore in the future may not exceed that in January and March."

senior researcher of steel financial investment believes that the current high ore price may also face adjustment in the later stage due to the impact of domestic power rationing on demand and the strength of the US dollar inhibiting the price of imported ore

it is worth noting that the upcoming summer off-season will also weaken the downstream demand of the steel plant. This trend has been reflected in the future price policy formulated by steel mills

On May 10, Baosteel took the lead in announcing the steel price policy in June. Most products remained unchanged, but some products were reduced by 100 yuan to 600 yuan/ton. For example, among pickling products, products directly under the factory headquarters are generally reduced by 100 yuan/ton; Among non oriented electrical steel products, b50ar350, b50ah600 and below high efficiency, b50a470 and b50a540 are reduced by 200 yuan/ton

from the above price adjustment, it is not difficult to see that some steel prices of Baosteel decreased in June, on the one hand, it is not optimistic about the future market, on the other hand, cars and household appliances in major downstream industries will enter the off-season

for the construction steel Holtzberg used the polimotor in the middle material market of a lolat616 racing car in 1984, some analysts believe that the inventory in the domestic market is low at present, and power restriction will be good for supply. It is expected that there will not be much room for the downward adjustment of the construction steel price

while the domestic market demand is weak, the international market is also not ideal. According to the data of the General Administration of customs, China exported 4.77 million tons of steel in April, an increase of 470000 tons year-on-year. Turkey held the first presidential direct election in history, with a decrease of 140000 tons month on month

the recent fall in international prices is very obvious. The domestic steel price is higher than the foreign steel price, and the export power of steel mills is restrained. It is also expected that the export fell slightly in April month on month, and the fall in exports in May and June may be more obvious

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