On April 18, 2013, the iron grade Proctor iron ore index was a high of US $138 / T.
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 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 said the news greatly reduced the markets expectation of iron ore supply next year. The industry had expected that Vale could increase 30-40 million tons next year on the basis of this year. Vales cut in supply boosted iron ore prices.
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.
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.
In 2018, iron ore prices fluctuated between us $60-80 per ton. In 2019, iron ore prices fluctuate between $70-123 per 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
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.