Guizhou Observation Standard Settlement Observation Point Observation Point Protection Box Cangzhou Shuntian Annual Production

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　　Guizhou Observation Standard Settlement Observation Point Observation Point Protection Box Cangzhou Shuntian Annual Production

　　Entering the fourth quarter, the iron ore market is hovering in a weak and sluggish state, with shrinking demand and flat prices fluctuating again, falling before rising. Taking 62% imported iron ore as an example, on August 27th, its price was 1040 yuan/ton; On September 24th, it was 746 yuan/ton. In October, the iron ore market price first rose and then fell. On October 5th, the price of 62% imported iron ore rebounded to 876 yuan/ton, a rebound of 130 yuan/ton; On October 29th, it fell back to 806 yuan/ton, a decrease of 70 yuan/ton. The iron ore market price in November also fell first and then rose, with the decline being greater than the increase. On November 5th, 62% of imported iron ore was quoted at 697 yuan/ton, a decrease of 109 yuan/ton; On November 26th, the quotation rebounded and stopped falling, rising to 640 yuan/ton, an increase of 74 yuan/ton. At the end of November, the price of 62% imported iron ore fell by 630 yuan/ton compared to the end of August.The iron ore market prices showed a rebound trend in December. On December 2nd, 62% of imported iron ore was quoted at 666 yuan/ton, an increase of 26 yuan/ton; On December 10th, the quotation was 700 yuan/ton, an increase of 34 yuan/ton; On December 17th, the quotation was 755 yuan/ton, an increase of 55 yuan/ton. During the week of December 13th to December 17th, the prices of iron concentrate powder in major regions of China generally increased by 30-80 yuan/ton. From the price trajectory of the iron ore market in the fourth quarter, it can be seen that in October and November, the iron ore market price was in a fluctuating downward channel, with the downward trend stronger than the upward trend. However, the iron ore market price in December rebounded and stopped falling, with a significant increase, once again entering an upward channel. Industry insiders believe that the expectation of steel mills resuming production is the core driving force behind this round of iron ore price rebound. According to statistics, the daily average production of crude steel and pig iron by member enterprises of the China Iron and Steel Industry Association that participated in the statistics in early December was 1.9343 million tons and 1.6418 million tons, respectively, with a month on month increase of 12.66% and 0.59%. Secondly, it is affected by the rebound of market conditions. Since late November, there has been a significant rebound in iron ore prices, with an increase of over 20%. Affected by it, the market price of iron ore supply continues to rise. The third factor is the artificial hype that fuels the situation. In the context of sluggish demand, high inventory, and prominent supply-demand contradictions, the sharp rise in iron ore prices lacks support, and it cannot be ruled out that there may be artificial speculation factors.

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