China Iron Ore to Keep Rising Momentum, SMM Says -Shanghai Metals Market

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China Iron Ore to Keep Rising Momentum, SMM Says 

SMM Insight 11:09:01AM Nov 16, 2016 Source:SMM

SHANGHAI, Nov. 16 (SMM) – Iron ore prices in China’s market are expected to keep advancing this week, Shanghai Metals Market foresees.  

At present, inventories at domestic steel mills are low, and this, combined with price advantages of domestic ore over imported ore, will stimulate buying interest. 

Angang Hikes Steel Ex-Works Prices for December

Meanwhile, Tangshan has announced the notice of production restriction in response to haze weather in north China, and this will reduce production at sintering furnaces, another price driver. 

Moreover, the hike in trading margins for coking coal and coke futures contracts in China will trigger inflows of some capital to iron ore futures market. 

For news cooperation, please contact us by email: sallyzhang@smm.cn orservice.en@smm.cn.

Key Words:  iron ore price  iron ore  steel price 

Price

more
62% Fe Fines (Qingdao Port): IOPI62
Apr.19
669.0
0.0
(0.00%)
62% Fe Fines (Qingdao Port, CFR Equiv.)
Apr.19
92.0
-0.2
(-0.20%)
58% Fe Fines (Qingdao Port): IOPI58
Apr.19
601.0
0.0
(0.00%)
58% Fe Fines (Qingdao Port, CFR Equiv.)
Apr.19
82.2
-0.2
(-0.19%)
65% Fe Fines (Qingdao Port): IOPI65
Apr.19
777.0
3.0
(0.39%)

China Iron Ore to Keep Rising Momentum, SMM Says 

SMM Insight 11:09:01AM Nov 16, 2016 Source:SMM

SHANGHAI, Nov. 16 (SMM) – Iron ore prices in China’s market are expected to keep advancing this week, Shanghai Metals Market foresees.  

At present, inventories at domestic steel mills are low, and this, combined with price advantages of domestic ore over imported ore, will stimulate buying interest. 

Angang Hikes Steel Ex-Works Prices for December

Meanwhile, Tangshan has announced the notice of production restriction in response to haze weather in north China, and this will reduce production at sintering furnaces, another price driver. 

Moreover, the hike in trading margins for coking coal and coke futures contracts in China will trigger inflows of some capital to iron ore futures market. 

For news cooperation, please contact us by email: sallyzhang@smm.cn orservice.en@smm.cn.

Key Words:  iron ore price  iron ore  steel price