Iron ore market rose slightly due to steel materials supplement

The domestic iron ore market has seen a slight increase recently, after which prices have stabilized. Analyst Chen Kai, iron ore analyst at the business club’s iron and steel company believes that due to the steel companies’ start-up to supplement raw materials, the market outlook for iron ore will rise in the future, but the increase will not be significant.

After the Spring Festival, there was a wave of upswing in the domestic steel market, which led to a slight increase in the raw material iron ore market. However, most iron and steel enterprises have not purchased iron ore resources in bulk, and the overall market is unlikely to form a substantial increase. According to the business community monitoring, on February 1, the main domestic port of Rizhao port 62% of the price of the printing ink market was 1,000 yuan / ton, as of February 10 rose to 1010 yuan / ton, the increase was only about 1%.

At this stage, the steel industry's terminal demand is not large, most of the steel production companies are not fully started, some companies have early stocks, and inventory is adequate. Only a shortage of iron ore inventories of individual iron and steel enterprises, and a small amount of supplemental storage, led to a slight increase in the iron ore market. However, the actual transaction volume is relatively small and the market has not yet followed up.

With the arrival of the construction season, iron and steel companies began to supplement raw materials, iron ore traders look forward to a strong atmosphere, but also has been looking for operating opportunities, but is currently affected by weak end-user demand, the steel market prices rise and fall, the steel market rose Whether the situation can continue to be mingled with many uncertainties, the market is still rising.