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Supply continues to increase, demand is lukewarm, ore prices fall again

Supply continues to increase, demand is lukewarm, ore prices fall again

Jun 15,2017
According to the business community, the price monitoring data as of June 14th, Australia 62%PB ore port car price is 439.44 yuan / wet ton, down 4.1% compared with the beginning of June; in February 22, 2017 the highest price of 724.44 yuan / wet ton, fell 39.34%. Only occasionally, Dalian iron ore futures contract continued to contract prices from 742 yuan per ton per ton in February 20th to 432 yuan / dry ton in June 14th, a decrease of about 41.78%.
Business community iron and steel Bureau He Hangsheng think, in the supply of continuous increase, demand is not warm, fire background, ore price decline is the trend of the times