Iron ore market fell partially

On the 17th, the mainstream transaction price in the domestic iron ore market has declined, and low-priced cargoes have appeared in some regions. The purchase of steel mills is more cautious. At present, Tangshan Zunhua 66% iron ore wet basis ex-factory 790-800 yuan / ton, the iron ore market in Northeast China fell partially, volume was light, east China iron ore market temporarily stable, business inquiries less, Zhongnan The iron ore market in the region was basically stable and transactions have improved.

The imported iron ore market was affected by the rebound in the bidding price of mines. The market price went up and the spot market became weaker. ** Aspect: Although the economic environment at home and abroad and the steel market are not supported, the capital aspect is still tight, but it is hard for the trader to increase their mentality. In terms of spot, the mainstream traders kept their prices steady, but the bargaining space was narrowed, and the market as a whole showed signs of stabilization, while the steel mills responded to the market's upward movements more generally, and still normalized their production according to production demand. The spot market transactions were not obvious. improvement.

On the 16th, the shipping market continued to rise, and the market rebounded due to the jump in the Capesize. In terms of indices, BDI981 rose 40, BCI2103 gained 143, BPI904 rose 19, BSI754 fell 14 and BHSI443 fell 1. The export activity of iron ore continues to be active and the available capacity has tightened so that the freight rate will be supported. In terms of data, the seaborne charges from Brazil to China rose by US$0.265/tonne (15-18 million tons), and the seaborne charges from Western Australia to China increased by US$0.737/tonne (15-18 million tons). India is still limited by policy influence and iron ore export activity is deserted.