Iron ore industry operating conditions did not fundamentally improved
Date：2018-01-04 09:32:30 Visit：1278
Since 2017, the world economy has been recovering steadily. The domestic economy has been making steady progress. The investment in infrastructure construction has been running at a high level. The export of electromechanical products has risen sharply. As a result, the market for steel products has been significantly warmed up. Apparent consumption of steel has risen sharply and steel prices have rebounded reasonably. Recently, Lei Pingxi, chief engineer of China Metallurgical and Mining Enterprises Association, pointed out that under the background of macroeconomic environment, policy environment, market changes and a reasonable price recovery, the domestic mine production in our country maintained a steady growth, the economic benefits of enterprises improved obviously and the green transformation steadily progressed The supply structure continued to be optimized. The overall operation and development of the industry basically met the expectation. However, investment in the industry continued to decline, the economy continued to grow negatively, the operating conditions were not fundamentally improved, and the development of the industry still faced severe challenges.
China's iron ore market as a whole rose
Lei Pingxi introduced in 2017, China's iron ore market fundamentals are mainly six aspects of change.
First, the supply increment continues to narrow. The first three quarters of the four major iron ore companies have produced 856 million tons of iron ore, an increase of 26 million tons, an increase of 3.0%, the increase is much lower than expected (expected annual increase of 55 million tons); the four major iron ore companies shipped Volume 829 million tons, an increase of 10.2 million tons, an increase of 1.3%, less than expected.
Second, the steady growth of market demand. In the first three quarters, the output of pig iron in the blast furnace in the world was 892 million tons, an increase of 11.05 million tons, an increase of 1.3%. From January to October, China's domestic pig iron production was 603 million tons, up by 2.7% from the same period of last year, driving the growth of iron ore consumption by 4.2% and by 4100% Tons of tons.
Third, high-quality resources continued tight. The proportion of large-scale blast furnace increased, energy-saving low-carbon, increased pressure on environmental emissions, steel mills to improve production efficiency, coke prices high operation, the demand for high quality mines increased, the rigidity increased, while the changes in imported ore structure, grade below 60% Mines account for 32-33% of the total, low-grade mines (55% or less) account for 6%, an increase of 3% over the previous year, and the price difference between high and low grade mines expands.
Fourth, imports maintained high growth. From January to October, China imported a total of 896 million tons of iron ore, up by 53.06 million tons or 6.3% from the same period of last year. It is estimated that the annual import volume will reach 1.08 billion tons, an increase of 5.5% over the previous year and an expected increase of 4%.
Fifth, shipping prices continue to hit a new high. Driven by the steady recovery of world economy and the rebound of international trade, BDI of Baltic Sea Dry Bulk Index hit a record high of nearly three years, reaching 1626 points in early December, up 84.5% from the beginning of the year and up 4.6 points from the lowest point of February 11, 2016 Times In 2017, it averaged 1116.15 points, up 72.2% over the same period of last year.
Brazil - China's iron ore shipping fee from the beginning of less than 10 US dollars / ton, up to now close to 20 US dollars / ton, Western Australia - China shipping fee from the beginning of less than 4.5 US dollars / ton, up to December close to 10 USD / tonne, up more than 100%.
Sixth, the port stocks kept high. In early December, the national stock of imported iron ore ports was 141.36 million tons, an increase of 3063, an increase of 27.7% over the same period of last year. Among them, the Australian mine 73.82 million tons, 37.15 million tons of Brazilian ore; trade 52.65 million tons; 1.88 million tons of pellets, powder 5.95 million tons, lump ore 18.29 million tons.
Lei Pingxi that in 2017, the overall performance of China's iron ore market, first, a rational return, the overall rise. January to November, Platts 62% iron ore price index average 71.27 US dollars / ton, up 26.2%. Second, the previous high and low, volatility. The first quarter iron ore 85.64 US dollars / ton, 62.9 US dollars / ton in the second quarter, the third quarter of 70.77 US dollars / ton, the first two months of the fourth quarter 62.63 US dollars / ton, the fluctuation range of 54 to 95 US dollars / ton, more than 40 US dollars / Ton. Third, the obvious stage characteristics. Continuation of the recovery in the first quarter pick-up, the second quarter peaked, pouring callback, the third quarter bottoming support and steel prices, technical speculation rebound, the fourth quarter, "2 +26" and other effects, the weak shock operation, and brewing The rebound of the next stage rebounded. Among them, the stage of the peak 95.05 US dollars / ton, bottom support 54.0 US dollars / ton.
China's iron ore market as a whole rose
Lei Pingxi introduced in 2017, China's iron ore market fundamentals are mainly six aspects of change.
First, the supply increment continues to narrow. The first three quarters of the four major iron ore companies have produced 856 million tons of iron ore, an increase of 26 million tons, an increase of 3.0%, the increase is much lower than expected (expected annual increase of 55 million tons); the four major iron ore companies shipped Volume 829 million tons, an increase of 10.2 million tons, an increase of 1.3%, less than expected.
Second, the steady growth of market demand. In the first three quarters, the output of pig iron in the blast furnace in the world was 892 million tons, an increase of 11.05 million tons, an increase of 1.3%. From January to October, China's domestic pig iron production was 603 million tons, up by 2.7% from the same period of last year, driving the growth of iron ore consumption by 4.2% and by 4100% Tons of tons.
Third, high-quality resources continued tight. The proportion of large-scale blast furnace increased, energy-saving low-carbon, increased pressure on environmental emissions, steel mills to improve production efficiency, coke prices high operation, the demand for high quality mines increased, the rigidity increased, while the changes in imported ore structure, grade below 60% Mines account for 32-33% of the total, low-grade mines (55% or less) account for 6%, an increase of 3% over the previous year, and the price difference between high and low grade mines expands.
Fourth, imports maintained high growth. From January to October, China imported a total of 896 million tons of iron ore, up by 53.06 million tons or 6.3% from the same period of last year. It is estimated that the annual import volume will reach 1.08 billion tons, an increase of 5.5% over the previous year and an expected increase of 4%.
Fifth, shipping prices continue to hit a new high. Driven by the steady recovery of world economy and the rebound of international trade, BDI of Baltic Sea Dry Bulk Index hit a record high of nearly three years, reaching 1626 points in early December, up 84.5% from the beginning of the year and up 4.6 points from the lowest point of February 11, 2016 Times In 2017, it averaged 1116.15 points, up 72.2% over the same period of last year.
Brazil - China's iron ore shipping fee from the beginning of less than 10 US dollars / ton, up to now close to 20 US dollars / ton, Western Australia - China shipping fee from the beginning of less than 4.5 US dollars / ton, up to December close to 10 USD / tonne, up more than 100%.
Sixth, the port stocks kept high. In early December, the national stock of imported iron ore ports was 141.36 million tons, an increase of 3063, an increase of 27.7% over the same period of last year. Among them, the Australian mine 73.82 million tons, 37.15 million tons of Brazilian ore; trade 52.65 million tons; 1.88 million tons of pellets, powder 5.95 million tons, lump ore 18.29 million tons.
Lei Pingxi that in 2017, the overall performance of China's iron ore market, first, a rational return, the overall rise. January to November, Platts 62% iron ore price index average 71.27 US dollars / ton, up 26.2%. Second, the previous high and low, volatility. The first quarter iron ore 85.64 US dollars / ton, 62.9 US dollars / ton in the second quarter, the third quarter of 70.77 US dollars / ton, the first two months of the fourth quarter 62.63 US dollars / ton, the fluctuation range of 54 to 95 US dollars / ton, more than 40 US dollars / Ton. Third, the obvious stage characteristics. Continuation of the recovery in the first quarter pick-up, the second quarter peaked, pouring callback, the third quarter bottoming support and steel prices, technical speculation rebound, the fourth quarter, "2 +26" and other effects, the weak shock operation, and brewing The rebound of the next stage rebounded. Among them, the stage of the peak 95.05 US dollars / ton, bottom support 54.0 US dollars / ton.
