Iron ore futures traded at high levels Thursday. Spot market, Rizhao Port PB powder offer 1060 yuan/ton, down 2 yuan/ton, super special powder 940 yuan/ton, down 3 yuan/ton, spot high and low PB powder - super special powder price difference 120 yuan/ton. On the demand side, hot metal continued to decrease, with an average daily output of 2.1817 million tons of hot metal, down 3.11 from the previous quarter and 2.55 from the same period last year. On the supply side, overseas shipments and port arrivals were running at a high level, and inventories continued to rise slightly. The inventory of imported iron ore in 45 ports across the country was 122.447,500 tons, an increase of 253.02 compared with the previous quarter, and the average daily port opening was 305.28, an increase of 7.14, and the port opening was -6.68 compared with the same period last year.
Downstream steel mill profit decline, superimposed environmental policy impact, blast furnace maintenance more, continuous reduction of hot metal. The volume of overseas shipments to the port is running at a high level, and the inventory continues to recover steadily. Market key transactions are expected to be strong, iron ore supply and demand are weak, or high pressure
