According to media reports, this year will be the first time since 2013 that the average annual price of iron ore will be above US$100/ton. The Platts iron ore price index of 62% iron grade reached 130.95 US dollars/ton, which was an increase of more than 40% from the 93.2 US dollars/ton at the beginning of the year, and an increase of more than 50% compared to last year’s 87 US dollars/ton.
Iron ore is the most outstanding commodity this year. According to data from S&P Global Platts, the price of iron ore has risen by about 40% this year, which is 16% more than the 24% rise of the second-ranked gold.
At present, the domestic pig iron market is stable and strong, and the transaction is fair; in terms of steelmaking, the steel market is weak and organized, and performance varies from place to place, and pig iron resources in some regions are still tight; in terms of ductile iron, iron factory inventory remains low, and some manufacturers limit production. Coupled with strong cost support, quotations are high.
Post time: Dec-02-2020
