The domestic iron concentrate market is mixed and the import mine is generally stable

On the 4th, the iron ore fines market in China remained weak after the holiday and transaction prices were mixed. The market in North China is stable, with large differences between supply and demand, and rising slightly in some areas. 66% of iron powder in Tangshan is tax-included at 1170-1190 yuan/ton; Wu'an 64% alkaline iron powder is not included in the tax ex-factory. The price rose by 10 yuan/ton. The Northeast iron concentrate powder market continues to decline, there is no market price highlights, Jianping 66% iron concentrate powder wet basis price does not contain the mainstream price fell 10 yuan / ton; Beipiao 66% iron powder wet basis without tax mainstream Price fell by 10 yuan/ton; Liaoyang 65% iron concentrate wet basis ex-factory price without tax fell by 15 yuan/ton; Anshan 65% iron concentrate wet basis ex-factory price by tax fell by 15 yuan/ton; Benxi fell by 15 Yuan / ton. The iron powder market in East China was generally weak. Some steel mills in Shandong Province raised purchase prices on the occasion of New Year's Day. However, prices during the rest of the market were loosened. The price of 64% iron concentrate dry basis in Maanshan in Anhui Province fell by 10 yuan/ton. The battle between supply and demand in the iron and steel market in Central and South China has been revived. Some mills in Jiangxi and Fujian have lowered their procurement prices by an average of RMB 30/t, and the market has stabilized for the time being.

The import mine is generally stable. The Australian mine tendered 61.5% of fine ore, the price was slightly higher than the previous time, but 62.5% of the ore remained flat, indicating limited downstream commitment. India raises the export tariff on iron ore from 20% to 30%. Merchants are quoting at the same time and they need to re-quote in the short term. In terms of spot, some traders slightly raised the prices of hot-rolled ore fines. The question of whether the market can accept or not is still questionable. The overall transaction is relatively light.

On the 3rd, the shipping market continued to decline, and shipping activities were weak. Since Christmas and New Year holidays just passed, the market is in a gradual recovery phase, and the slowdown in raw material import demand makes it unfavorable to start in the new year. The freight rates from Brazil to China fell by 1.883 US dollars/ton (15-18 million tons), and from Western Australia to China by 0.650 USD/ton (15-18 million tons). BDI fell 114, BCI fell 332, BPI fell 26, BSI fell 18. The cost of the west coast of China to China fell slightly.