On April 18, 2013, the iron grade Proctor iron ore index was a high of US $138 / T.
Iron ore futures prices are also very eye-catching.
According to the data of Dalian Commodity Exchange, on December 4, the main contract of iron ore 2101 was 972 yuan / ton, up 4.24%, nearly 40% compared with the beginning of the year, a new high since the contract was listed in January 2014.
According to S & Ps global Proctor data, iron ore prices have risen 16 percentage points more this year than the 24% rise in gold, the second largest.
Wang Jing, an analyst at Lange Iron and Steel Research Center, said it was foreign demand that drove iron ore prices to a new high.
Wang Jing said that in recent years, demand in major steel markets such as Europe and the United States has accelerated, steel prices have risen sharply, steel mills have resumed production, and overseas demand for iron ore has increased periodically.
This week, iron ore ports continue to de stock, domestic steel mills are expected to replenish inventory in winter, internal and external resonance, driving iron ore prices to rise strongly. Wang Jing said.
Wang Yangwen, manager of standard & Poors global Prussian iron ore index, told reporters on the interface that on December 2, Vale, the worlds largest iron ore producer, announced that it had lowered its iron ore production forecast for this year from 310 million tons before to 300 million to 305 million tons, and predicted that iron ore production in 2021 would be 315 million to 335 million tons, an increase of 15 million to 30 million tons over this year.
Wang Jing believes that with the arrival of the end of the year market slack season, domestic construction steel demand has begun to fall, key steel enterprises crude steel daily decline month on month, domestic demand on the upward driving force of ore prices will weaken.
According to the data of China Iron and Steel Industry Association, the average daily output of crude steel of key steel enterprises in the last ten days of November is 2.1057 million tons, which is continuously declining compared with 2.1134 million tons in the middle of November and 2.1461 million tons in the first ten days of November.
Iron ore prices have support in the short term, but it is difficult to continue the rise in the medium and long term. Wang Jing said.
According to the financial times, this year will be the first time since 2013 that the average annual price of iron ore has exceeded $100 per ton.
Wang Yangwen predicted that the bottom price of iron ore price fluctuation next year must exceed the previous two years, higher than the fluctuation range of 60-80 US dollars / ton.
Benefited from the attack on iron ore, the stock prices of several listed companies with mines at home have increased by more than 50% this year. As of the end of December 4, Hegang resources (000923. SZ) closed the limit board, closing at 25.32 yuan per share, up 72.59% since this year; Jinling mining (000655. SZ) rose 6.52% to close at 8.33 yuan per share, up 50.63% this year. Hongda mining (600532. SH) rose 1.15% today, closing at 13.16 yuan per share, up 412% this year; Hainan mining (601969. SH) rose 4.78% to close at 6.58 yuan per share, up 75.56% this year. Source: interface news Author: Zhou Xiaoyang, editor in charge: Zhong Qiming_ NF5619
Benefited from the attack on iron ore, the stock prices of several listed companies with mines at home have increased by more than 50% this year.
Hongda mining (600532. SH) rose 1.15% today, closing at 13.16 yuan per share, up 412% this year; Hainan mining (601969. SH) rose 4.78% to close at 6.58 yuan per share, up 75.56% this year.