supertimesplaypoker| Weekly report of iron ore industry: improving profits of steel companies stimulate enthusiasm for production of steel mills, increasing iron ore output, and fluctuating iron ore prices

Investment points supply: iron ore shipments increased this week (4.20-4.26)SupertimesplaypokerThe number of arrivals to Hong Kong decreased. Due to the weakening of typhoon weather, overseas shipments increased as a whole, overseas shipments from Australia and Brazil increased seasonally, and shipments from Australia and Brazil increased. Australia and Brazil shipped 17.061 million tons and 6.412 million tons respectively, with a month-on-month ratio of 4.32% and 18.3%, respectively. However, arrivals declined this week, with northern China ports and China 26 ports arriving 11.344 million tons and 18.661 million tons respectively, compared with-1.38 per cent and-17.35 per cent, respectively. Inventory: overseas shipments are active, port inventory maintains a cumulative trend. This week, imported iron ore stocks (a total of 45 ports) and imported iron ore stocks (247 steelmakers) were 148 million tons and 93.8 million tons, respectively, compared with 1.37% and 0.16%, respectively, according to data from the steel federation. Overseas shipments are active, port inventories maintain a cumulative trend, it is expected that the May Day holiday port pick-up will slow down, iron ore port inventory may continue to accumulate. Demand: hot metal production increases, iron ore demand is supported. This week, the average daily consumption of imported iron ore (247 steel mills) was 2.7947 million tons, compared with 1.04%; the average daily hot metal output (247 steel mills) was 2.2872 million tons, 1.11%. With the good operation of downstream steel trading performance, the profits of steel mills have improved, the enthusiasm of steel mills has been stimulated, and the utilization rate of blast furnace capacity and blast furnace operating rate have increased in different ranges. This week, the utilization rate of blast furnace capacity and the operating rate of blast furnace were 85.53% and 79.73% respectively, up 0.94 and 0.87 percentage points from the previous month. Steel mills are expected to reduce pick-up operations at the beginning of the May Day holiday, and iron ore demand is expected to shrink next week. Price: iron ore prices show a volatile pattern this week (4.20-4.26). This week, driven by the resumption of production and pre-festival replenishment, the iron ore price index (62%Fe)Supertimesplaypoker: CFR: Qingdao Port) the weekly average is US $117.28 / ton, an increase of US $2.27 / ton, or 1.92%, over the previous month. The release of demand is limited due to the impact of the holidays next week, and iron ore prices are expected to remain volatile. Investment suggestion: the profit situation of steel mills is improved, the enthusiasm of steel mills is stimulated, and the output of hot metal is increased again because of the stronger production intention. The continuous release of steel mill demand is good for mineral prices, and pay attention to the production situation of steel mills and the change of port inventory. Risk hint: downstream demand is lower than expected; overseas shipments fluctuate sharply. The listed companies mentioned in this article are intended to explain the development of the industry and do not constitute recommended coverage. [disclaimer] this article only represents the views of a third party and does not represent the position of Hexun. Investors operate accordingly, at their own risk.

[disclaimer] this article only represents the views of a third party and does not represent the position of Hexun. Investors operate accordingly, at their own risk.