Iron ore market analysis: The total iron ore shipments from Australia and Brazil were 24.915 million tons, an increase of 889,000 tons from the previous month, and Australia shipped 16.414 million tons, a decrease of 1.242 million tons from the previous month. Among them, Australia shipped 14.174 million tons to China, a decrease of 159,000 tons from the previous month, and Brazil shipped 8.501 million tons, an increase of 2.131 million tons from the previous month. In addition, in terms of port arrivals, the arrival volume of 45 ports in China was 29.488 million tons, an increase of 9.901 million tons from the previous month.
From the data, the arrival volume of iron ore increased by 9.9 million tons last week, reaching the 30 million mark, and the absolute value was slightly "off the charts". The reason is that on the one hand, during National Day, the port was seriously congested, and the unloading at the port was significantly accelerated after the holiday; on the other hand, the current arrival base volume is also continuing to rise, which has made the arrival volume of this period break through the absolute high in recent years. From the perspective of inventory, in the face of such a huge amount of arrivals, the port did not accumulate too much inventory last week, and the factory inventory did not increase much, which shows that the current demand for iron ore is also strong. At present, iron ore is facing a situation of both supply and demand growth, and the fluctuation range will further expand. However, in the short term, for iron ore priced by demand, the rigid demand purchase of steel mills will provide obvious support for iron ore. It is expected that the price of color-coated steel coils will fluctuate between 15-30 yuan this week. Jingtai Company mainly produces PPGI PPGL GI GL products. If you happen to need anything, please contact us. We will provide high-quality products and services.