In 2016, the output of high-grade mines in international mines increased by
less than 10% while the production of low-grade mines increased by more than
30%. With the market demand for high-grade ore upgrade, high-grade ore supply
and demand tension. Reflected in the port inventory, the performance of the
total high inventory and high ore stocks fell. It is understood that in 2016 the
share of high-end Australian port stocks in ports dropped from about 26% at the
highest level to about 15%.Stainless
Steel Sheet Price List
Although the total stock of port iron ore has been maintained at a high level
of over 100 million tons, the high inventory level is caused by the fact that
the proportion of middle and low grade ore stocks is too large and the
high-grade ore is insufficiently supplied. Therefore, iron ore appeared in the
total stock and prices rose at the same time. Head of a large steel futures
department said the existing inventory of low grade ore business acceptance is
not high, poor sales, but also led to high inventories of iron ore.Stainless Steel Sheet-Coil
Products List
Therefore, under the background of high inventory, the input-output ratio is
relatively high, and the high-grade iron ore with greater economic benefits is
still in structural shortage, driving the price of high-grade iron ore to
continue to rise. On the impact of rising coke prices on iron ore, the head of a
large steel futures department said steel companies cost accounting is very
fine, will refer to the raw material coke, coking coal, iron ore between the
price and dynamic adjustment of the proportion of use. It is understood that
each grade of iron ore into the furnace increased by 1%, can reduce the use of
coke 2%. In the current high coke prices, companies will choose to use
high-grade iron ore to reduce coke consumption.Hoja de acero ASTM 316l
Hoja de acero inoxidable de alta calidad
Therefore, coke prices and high grade iron ore prices showed a good positive
correlation, rising coke prices led to higher prices of ore products. In
addition, in recent years, the policy of limiting environmental protection
prompted steel mills to use more coke with high quality mines to increase hot
metal production and boost the market demand for high-grade iron ore. Hongyuan
Futures Research analyst Wu Shou-hsiang said that steel companies are currently
in high profits, with expansion demand. Under the pressure of environmental
protection, enterprises need to improve the quality of ore raw materials,
driving the structural strength of high grade ore. Data show that since 2017,
iron ore prices continued the rally last year, although the price dropped in
March, but on the 13th iron ore futures rose again, the main contract 1705
closing price of 684.5 yuan / ton, or 4.27 %.China 6063 T5 Aluminum
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