Price Analysis Of Color Coated Steel Coils This Week

The total global iron ore shipments for this period were 33.954 million tons, an increase of 3.285 million tons from the previous month. The total iron ore shipments from Australia and Brazil were 27.376 million tons, an increase of 1.622 million tons from the previous month. Australia's shipments were 19.413 million tons, an increase of 852,000 tons from the previous month, of which Australia's shipments to China were 15.683 million tons, a decrease of 138,000 tons from the previous month. Brazil's shipments were 7.962 million tons, an increase of 769,000 tons from the previous month. In addition, the total amount of iron ore arriving at 45 ports in China was 18.032 million tons, a decrease of 2.996 million tons from the previous month; the total amount of iron ore arriving at six ports in the north was 8.26 million tons, a decrease of 3.958 million tons from the previous month. At present, with the continuous increase in iron ore shipments, the global shipment level has reached an absolute high in recent years. Judging from the trend of previous years, the second quarter is the impulse stage for overseas mines, so high shipments will become the norm in the future. In terms of arrival at the port, the amount of iron ore arriving at the port last week decreased by nearly 3 million tons, while the amount of port warehouses, factory warehouses, and port pressure decreased by about 3 million tons last week. In other words, with the arrival of the previous shipment increments, the iron ore inventory will inevitably accumulate again, and the pressure on the iron ore supply will gradually emerge, which is bearish for the price of ore.
On the whole, due to the rapid decline in ore prices recently, the cost support of steel is obviously insufficient. In addition, during the two sessions, the macro driving force has not yet appeared, and the negative news such as overseas "tariffs" and the weather has dominated the industry sentiment, making the steel price weak. However, from the actual situation, the market is willing to buy low-priced sources, indicating that the current steel price still has a certain resistance to decline.
It is expected that the price of color-coated steel coils will fluctuate between 20 and 40 yuan this week. Jingtai Company mainly produces PPGI PPGL GI GL products. If you happen to need anything, please contact us. We will provide high-quality products and services.