China Iron Ore Market to See Upward Opportunity, SMM Reports

Published: Jun 27, 2017 15:24

Save

Price in China’s domestic iron ore market was mixed last week, and what’s price outlook this week?

SHANGHAI, Jun. 27 (SMM) – Price in China’s domestic iron ore market was mixed last week, and what’s price outlook this week?

The good news is market sentiment in the ore market has improved slightly after prices of coke and steel scrap followed steel prices up, though this would also squeeze profits at steel mills, which may push down ore prices.

Arrivals of Iron Ore at China Ports Grow, SMM Reports

But, mines hold offers firm, and ore inventories at steel mills are low, providing a chance for ore price to edge up slightly.

Moreover, close attention should be also paid to elimination target for “Ditiao steel” by Chinese government before the end of June 30, 2017. “Ditiao steel” is a Chinese name for low-quality steel produced in intermediate frequency furnace with steel scrap as raw material, as well as rolled steel products produced with such steel as raw material.

What Triggers Bullish Bets in Steel Market? SMM Reports

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

iron ore price iron ore steel price

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

Jun 5, 2026 11:08

Supply Gap Persists in Vietnamese Market, Spot Lead Traded at High Premiums

[Ex-China Lead Market Dynamics] It was learned that the recent environmental protection inspections on secondary lead in the Vietnamese market had temporarily come to an end, and some lead smelters had gradually resumed production. However, in the face of the current primary lead supply gap, spot lead in the local market continued to maintain high premiums. According to the latest information, the CIF premium for Vietnamese lead ingots with Pb≥99.99% in June had reached $180/mt as a common transaction price, compared to around $165/mt in May.

Jun 5, 2026 11:08

May 27, 2026 14:15

Nanyang Zhongjie Receives Approval for Waste Lead-Acid Battery Collection Project

[Waste Lead-Acid Battery Collection Enterprise Updates] Recently, the Xinye Branch of the Nanyang Municipal Ecology and Environment Bureau in Henan Province officially approved the Environmental Impact Assessment Report for the waste lead-acid battery collection, storage, and transfer project of Nanyang Zhongjie Environmental Protection Technology Co., Ltd. (Wan Xin Huan Shen [2026] No. 8). The project will construct a comprehensive workshop integrating weighing, loading and unloading, and storage, with designated areas for intact batteries, dedicated storage rooms for damaged batteries, and temporary hazardous waste storage rooms, with a designed annual collection and transfer capacity of 5,000 mt of waste lead-acid batteries.

May 27, 2026 14:15

May 19, 2026 17:28

Dongying Xinsanyuan's 200,000 mt Lead-Acid Battery Recycling Project on Track for 2026 Completion

[Secondary Lead Enterprise Updates] It was reported that the 200,000 mt lead-acid battery environmental protection utilization project of Dongying Xinsanyuan Environmental Protection Technology Co., Ltd. was under orderly construction and progressing on schedule, and was expected to be completed and put into operation before the end of 2026. As a key project in Dongying City, Shandong Province, the project had a total investment of 480 million yuan, covering an area of 103 mu. Once completed, it will fill the regional gap in the harmless treatment and resource utilization of waste lead-acid batteries, injecting new momentum into regional green circular development.

May 19, 2026 17:28