Analysis Of Color-coated Steel Coil Market This Week

The total global iron ore shipments for this period were 16.882 million tons, a decrease of 6.467 million tons from the previous month. The total iron ore shipments from Australia and Brazil were 12.418 million tons, a decrease of 6.563 million tons from the previous month. Australia's shipments were 7.882 million tons, a decrease of 5.005 million tons from the previous month, of which Australia's shipments to China were 6.690 million tons, a decrease of 5.367 million tons from the previous month. Brazil's shipments were 4.537 million tons, a decrease of 1.557 million tons from the previous month. In addition, the total amount of iron ore arriving at 45 ports in China was 22.309 million tons, an increase of 3.534 million tons from the previous month; the total amount of iron ore arriving at the six northern ports was 10.885 million tons, an increase of 313,000 tons from the previous month.
After the Chinese New Year, Australia was hit by successive hurricanes, and iron ore shipments also dropped to the "freezing point", and fell by another 5 million tons in this period to 7.88 million tons. In addition, Brazil's shipments fluctuated greatly after the holiday, and affected by some mines, the shipments also decreased by 1.55 million tons in this period. Overall, global iron ore shipments after the Chinese New Year were significantly lower than expected, and supply pressure in February was significantly reduced; in terms of arrival at the port, at the beginning of the year, iron ore arrivals showed a downward trend. Although the increase in this period was 3.53 million tons, it was still lower than the same period in previous years. In addition to the low shipments in February, subsequent arrivals will continue to decline. In the short term, iron ore supply is in a declining stage, and on the demand side, with the poor terminal demand after the holiday, steel mills are also willing to control the production of molten iron, and short-term steel prices are adjusted to find new support points.
Overall, after the pessimism eased last week, the black series ushered in a rebound today, especially in the spot market, where active transactions have improved significantly, driving steel prices to rise, indicating that the steel market still has a certain degree of resistance to decline, which is in line with the previous prediction of limited room for decline. It is expected that the price of color-coated steel coils will fluctuate between 20 and 40 yuan this week. Jingtai mainly produces PPGI PPGL GI GL products. If you need anything, please contact us. We will provide high-quality products and services.