At present, the overall macroeconomic operation is stable, but the stability has changed, the downward pressure has increased, and the uncertainty factor has also increased. Under the influence of national steady growth policy measures, steel demand is expected to remain stable in the later period, steel production and iron ore demand intensity will not increase significantly, the market as a whole is basically balanced supply and demand, iron ore prices are difficult to continue to rise.
According to the Iron and Steel Association Shan statistics, in early October, member iron and steel enterprises on average Nissan crude steel 1.9783 million tons, estimated 2.5028 million tons of Nissan crude steel nationwide, a decrease of 7.13% compared to September, estimated the national Nissan Pig Iron 2.033 million tons, a decrease of 8.12% from September. The intensity of iron ore demand has also been reduced by the decline in steel production.
At the end of October, the national stock of imported iron ore ports was 145 million tons, an increase of 20,000 tons, an increase of 0.01%, but an increase of 9.24 million tons, an increase of 6.8%, is still at a high level, September, the National pig Iron production of 66.38 million tons, the year-on-year decline of 0.42%, and iron ore imports 93.47 million tons , a 4.61% increase in the ring. Overall, the iron ore market oversupply situation has not changed.
From the steel price trend, because the demand is relatively stable, the supply pressure is greater. According to the Iron and Steel Association monitoring, at the end of October, the China Steel Price Index (CSPI) was 121.72 points, an increase of 0.08 points over September, an increase of 0.07%, showing a narrow fluctuation of the operation trend. According to the Office for National Statistics, the October China Manufacturing Purchasing Managers Index (PMI) was 50.2%, down 0.6% from a month, with production indices and New Order indices down 1.0 and 1.2%, respectively. Iron ore prices are expected to be difficult to continue to rise in the late stages and will fluctuate slightly. (Source: China Iron and Steel Industry Association)