This week, the pressure on supply and demand in China’s domestic steel market has increased, and demand continued to be weak,
The crazy stone
Iron ore futures break 1100 Yuan, is there room for upside?
Iron ore has become a “crazy stone”, the main domestic contract broke through the 1100 Yuan mark, and is still going up.
As of April 20, the main contract price of iron ore futures in Dalian Commodity Exchange broke through 1100 Yuan/ton. Among them, the closing price of the May contract has broken 1200 Yuan/ton. That is nearly double the 620 Yuan per ton in the same period last year.
Singapore’s main iron ore contract hit a record high of $168.05/ton on April 19.
Table of Contents
The current situation of China’s domestic steel market this week: Due to the increasing downward pressure on the domestic economy and
This week, China’s domestic high temperature, and affected by the off-season of the steel market, the demand for steel has shrunk,
This week, the output of China’s five major types of steel was 8.9713 million tons, an increase of 140,300 tons from
The fundamentals of supply and demand in China’s steel market further improved this week. The sharp reduction in production by steel