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DCE iron ore futures market took another rally today and the transaction prices for PBF in Shandong and Tangshan market increased by 515yuan/mt to yuan/mt. CISA recently announced the average daily output of pig iron from the key steel enterprises in the first ten days, with YoY growth of %, and increased by % over last ten days in November.
Global iron ore trade has polarized in 2020, with a Chinese import boom offsetting a demand slump in the rest of the world. However in the iron ore pellet market, exChina demand has carried more sway, with trade and price premiums down sharply. The impact of COVID19 on the pellet market is the focus of part two of this report.
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#0183;#32;Chinas insatiable demand for steel combined with a slow recovery in Brazilian supply after a series of outage events has lifted the price of iron ore to a sixyear high of 130 a ton, but that
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#0183;#32;Its a different story in iron ore with Chinese steel mills being hit with a 35% increase in the price of the commodity since early November to a nineyear high of 160/t, largely a result of a
Brazils Vale (NYSE: VALE) has begun producing highgrade iron ore fines for pelletizing at its new threemilliontonnesayear grinding hub at Chinas Shulanghu Ore Transfer Terminal.. The
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#0183;#32;Brazilian mining giant Vale SA said on Tuesday it has started producing highgrade iron ore fines for pelletizing at its new grinding hub with China''s Ningbo
#0183;#32;Chinas insatiable demand for steel combined with a slow recovery in Brazilian supply after a series of outage events has lifted the price of iron ore to a sixyear high of 130 a ton, but that...
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Australia''s Port Hedland iron ore shipments to China down by % MOM in Nov [1216] China''s pig iron output down by % MOM in Nov [1216] CISA: Major steel mills'' average daily output of crude steel records million tons in early Dec [1216] Fe Limited announces lodgement of Works Approval for JWD Iron Ore Project [1216]
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