Short message | Black series continues to rise, iron ore rises more than 3%
Author：管理员 Dtime：2019-11-17 16:49:37 Browse (132)
Memo：On November 15th, iron ore futures performed well, with the main contract closing up about 3.1%. The main contracts of black series futures such as rebar, hot-rolled coils, and coke also closed up more than 1%.
On November 15th, iron ore futures performed well, with the main contract closing up about 3.1%. The main contracts of black series futures such as rebar, hot-rolled coils, and coke also closed up more than 1%. This week, the national main steel social inventory was 8.3257 million tons, a decrease of 532900 tons from last week and a decrease of 2.1268 million tons from last month; The total inventory of rebar is 3.1579 million tons. The inventory of iron ore in 45 ports across the country decreased by 211940 tons from last week to 123.7375 million tons; The daily average dredging volume increased by 211900 tons to 3164300 tons. Mysteel surveyed 247 steel mills with a blast furnace operating rate of 77.93%, a month on month increase of 1.39% and a year-on-year decrease of 0.46%; The utilization rate of blast furnace ironmaking capacity was 78.76%, with a month on month increase of 1.37%. According to data from the National Bureau of Statistics, China's daily crude steel production in October was 2.63 million tons, the daily pig iron production in October was 2.115 million tons, and the daily steel production in October was 3.311 million tons.
The resilience of steel terminal consumption is strong, and rushing to work promotes the reduction of steel inventory and boosts market sentiment. Stabilizing infrastructure demand will provide downstream support for steel consumption. However, with the arrival of winter in China, the northern regions, especially Northeast China and Inner Mongolia, may be affected by weather to varying degrees, and there is a possibility of a decline in demand.
The resilience of steel terminal consumption is strong, and rushing to work promotes the reduction of steel inventory and boosts market sentiment. Stabilizing infrastructure demand will provide downstream support for steel consumption. However, with the arrival of winter in China, the northern regions, especially Northeast China and Inner Mongolia, may be affected by weather to varying degrees, and there is a possibility of a decline in demand.
