It is a hot topic in the industry to see when the price of iron ore that has been soaring will be able to brake. Yesterday, Lange Steel analysts said that it is expected that the price of the mine will stabilize in March due to insufficient growth momentum. Previously, due to the strong expectations of imported iron ore prices continue to rise, many domestic miners and traders are waiting for a large amount of stocks to be raised. Therefore, the forecast of the stabilization of the mine price also warns that the future market risks of mining traders will increase. According to Sun Ming, a researcher at the Lange Steel Information Research Center, the price of the mine will stabilize in March. The main reason is that the market prices of steel products (5026, 14.00, 0.28%) have been converging, and the driving force to support the continued rise of the iron ore market is insufficient. Data show that China imported 68.97 million tons of iron ore in January, an increase of 47.9%. In this regard, Lange Steel analyst Zhang Lin said that overall, the extreme weather in Australia and Brazil and the continued serious inflation in the country are the main reasons driving the surge in international iron ore prices. It is also because the market is generally bullish, and traders are showing signs of rising prices. China's 19 ports iron ore stocks increased from 80.9 million tons at the beginning of January to 88.46 million tons, an increase of nearly 8 million tons. “If the price of minerals stabilizes, it will definitely cause traders to face great market risks,” Zhang Lin said. “The original ore market will have a wave of steel mills’ procurement peaks, but the domestic steel market is now emerging. Adjusting the situation, the domestic iron ore market has a strong wait-and-see atmosphere, and the transaction volume has dropped sharply. In fact, since the 15th of this month, steel prices have begun to stabilize or even call back 20 to 30 yuan, which will inhibit the price of minerals. An industry insider also pointed out that domestic steel prices and mineral prices have been pushing each other up. And now steel prices begin to decline, which will have a great impact on the price of minerals. “The biggest risk of steel prices is that the market does not accept existing prices.”
  It is a hot topic in the industry to see when the price of iron ore that has been soaring will be able to brake. Yesterday, Lange Steel analysts said that it is expected that the price of the mine will stabilize in March due to insufficient growth momentum. Previously, due to the strong expectations of imported iron ore prices continue to rise, many domestic miners and traders are waiting for a large amount of stocks to be raised. Therefore, the forecast of the stabilization of the mine price also warns that the future market risks of mining traders will increase. According to Sun Ming, a researcher at the Lange Steel Information Research Center, the price of the mine will stabilize in March. The main reason is that the market prices of steel products (5026, 14.00, 0.28%) have been converging, and the driving force to support the continued rise of the iron ore market is insufficient. Data show that China imported 68.97 million tons of iron ore in January, an increase of 47.9%. In this regard, Lange Steel analyst Zhang Lin said that overall, the extreme weather in Australia and Brazil and the continued serious inflation in the country are the main reasons driving the surge in international iron ore prices. It is also because the market is generally bullish, and traders are showing signs of rising prices. China's 19 ports iron ore stocks increased from 80.9 million tons at the beginning of January to 88.46 million tons, an increase of nearly 8 million tons. “If the price of minerals stabilizes, it will definitely cause traders to face great market risks,” Zhang Lin said. “The original ore market will have a wave of steel mills’ procurement peaks, but the domestic steel market is now emerging. Adjusting the situation, the domestic iron ore market has a strong wait-and-see atmosphere, and the transaction volume has dropped sharply. In fact, since the 15th of this month, steel prices have begun to stabilize or even call back 20 to 30 yuan, which will inhibit the price of minerals. . "an industry source pointed out, it has been the domestic steel prices and iron ore prices pushed up the situation presents to each other. And now steel prices begin to decline, which will have a great impact on the price of minerals. “The biggest risk of steel prices is that the market does not accept existing prices.”
   

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