With the decline of coal prices, domestic policies are in the control stage of coal and bulk commodity prices, and iron ore prices have also been affected to a certain extent recently. From the analysis of the price trend of iron ore, domestic iron ore is in There was a wave of small climaxes in the month, and the price rose in stages, but with the control of the national policy in February, in the next two weeks, under the disturbance of the policy, the price of iron ore retraced from a high level, and the superimposed demand did not match the expected. Market prices fluctuated and retraced. Overall, the average price of domestic iron ore remained in the 1050 price range in February, and the overall trend began to show a trend of falling from a high level in February. For the upcoming March, the industry side is more positive, the positive aspects:
First, with the arrival of the traditional peak season for demand, the probability of full downstream resumption of work increases, and demand is expected to further increase;
Second, the rhythm of iron ore accumulation has slowed down. The overall social inventory of iron ore this year is lower than the same period last year. In addition, the demand for iron ore by steel mills has increased slightly. The favorable factors of price will further enhance the digestion of iron ore inventory. .
We expect that under the influence of positive factors, there will be some opportunities for iron ore in March: the spot price will be affected by the futures price, and the transaction will also be slightly enhanced, showing the overall trend of "lowering, digesting and releasing". According to the iron ore price index information in early March, the current iron ore basically maintained a daily growth trend of 10 yuan / ton, and the iron ore price reached 1070 yuan / ton by the morning of March 4. We hold the following forecast for the iron ore market in March: Demand will be released and prices will continue to rise! It is expected that the price of iron ore in March may run in the range of 1050-1200 yuan / ton.
