The Dalian Iron Ore Futures index contract closed Tuesday at 846, up 2. Mysteel announced the imported PB powder CFR price of 117, up 1; Qingdao port PB powder price is 915, the same; Hebei Tangshan 66% fine powder is 1115, the same. Yesterday, steel spot prices around the country were stable, and market turnover increased; Tangshan billet factory price unchanged, 3580 yuan/ton. Cisa data show that in late August 2023, the daily output of crude steel in key steel enterprises was 2.045 million tons, down 7.6% from the previous month; Pig iron per day 1.876 million tons, down by 6.0%; The daily output of steel was 2.192 million tons, an increase of 1.7%. At present, the profit of steel mills is low, the spot price of steel is falling slightly, and the speculative transactions are generally required. Tangshan steel enterprises environmental protection limit production. At present, pig iron production is declining at a high level, but low warehouse inventories support iron ore spot just need to purchase. Port traders quote according to the market, steel mill inquiry is cautious, spot market sentiment is general, market transactions are more normal. Yesterday, the national main port iron ore transaction of 1.1830 million tons, down 2.4% from the previous month.
Overall, macro expectations continued to improve, boosting market sentiment; Tangshan environmental protection limited production, pig iron production high decline, steel mills just need to purchase, support port iron ore spot prices high operation. Port traders quote according to the market, part of the demand is released, and the transaction is normal. It is expected that the ore price will fluctuate mainly.
