Policy regulatory pressure continues to intensify the impact of market sentiment, Friday evening news, the development and Reform Commission and other three departments to strengthen the supervision of port iron ore, iron ore futures opened at night fell, and then the shock is strong operation, the main January contract closed at 980.5 yuan/ton, down 6 yuan from the previous trading day, the total position of the variety continued to decline, precipitation funds fell 733 million. Last week, the supply of foreign mines continued to pick up, as the demand margin weakened, iron ore port inventory is expected to stabilize at the bottom of the recovery, steel mills inventory and began to accumulate, focusing on winter storage intentions.
Policy and regulatory pressure continues to increase, weighing on market sentiment. On Friday evening, the Price Department of the National Development and Reform Commission, together with the Water Transport Bureau of the Ministry of Transport and the Price Supervision and Competition Bureau of the General Administration of Market Supervision, organized a meeting of major port enterprises to understand the relevant situation of port iron ore inventory, storage and loading and unloading charges, and study to strengthen port iron ore supervision, strengthen industry self-discipline, rationally set up the relevant rules for the use of warehouses, and speed up the turnover of goods. We will resolutely guard against the use of cheap venues for hoarding and speculation, and earnestly maintain market order. Last Thursday, the National Development and Reform Commission, the General Administration of Market Regulation and the China Securities Regulatory Commission jointly held a meeting to strengthen the joint supervision of iron ore futures and spot. After the exchange traded iron ore futures on November 6 and raised fees, on the evening of November 15, the exchange adjusted the trading limit and trading margin level of iron ore futures contracts, while the National Development and Reform Commission strengthened the supervision of the iron ore market.
News, China Iron and Steel Industry Association vice president Luo Tiejun said that in order to enhance the steel industry resource security capacity, the steel association research put forward the "cornerstone plan" proposal, at present, the domestic key iron ore projects have started more than 10, new iron concentrate capacity of about 50 million tons. Moreover, the association has reported on scrap related issues to the relevant ministries and departments, and the scrap coordination mechanism is also being studied and formulated. In terms of supply and inventory, foreign mine shipments and arrivals continue to increase, my iron and steel network news, last week from January 20 to November 26, China's 47 port arrivals total 25.752 million tons, an increase of 721,000 tons, the current global iron ore shipments total 32.725 million tons, an increase of 490,000 tons, the supply disturbance gradually subsided. With the recovery of the arrival volume, the domestic 45 port imported mine inventory last Friday increased by 822,000 tons or 0.73% to 11.091 million tons week on week, the high level since October, the port inventory is expected to stabilize at a low level, in addition to the sample steel imported iron ore inventory of 92.901 million tons, an increase of 2.36 million tons month on month.
Steel iron ore demand continues to decline, last week my steel network research 247 steel blast furnace average daily iron ore production of 2.353,300 million tons, down to an 8-month low, showing that iron ore demand continues to fall, but steel mill profitability increased 10.39% to 39.39%, and hot metal production is on the high side, iron ore demand or difficult to decline significantly. In addition, the profit of electric furnaces is better, or the demand space for increasing production and squeezing long process steel mills is iron ore. The macro-level real estate policy continues to be released, but it still takes time to land on the demand, and the increase in demand is difficult to reflect the current steel demand. At present, the apparent demand for steel last week increased by 100,000 tons to 9.368 million tons week on week, and the total inventory fell by 268,800 tons to 13.09998 million tons, and the toughness of steel demand is better, which supports the sentiment of the black plate.
Tsieina Dur dyfodol sylw hynny y gwrthddywediad rhwng haearn mwyn cyflenwad a galw yn gwan, ond y sail wedi atgyfnerthu eto ar ôl y codi pris y miniog cynnydd yn rheoleiddiwr% pwysau, y anwadalrwydd y tymor byr macro disgwyliad ymyl wedi gwanhau, a mae'n yn disgwyliedig bod y gweithrediad tymor byr bydd fod yn dominyddu uchel siociau.
