Price Forecast For Color Coated Steel Coil This Week

This week, the total global iron ore shipments were 28.156 million tons, a decrease of 2.965 million tons from the previous month. The total iron ore shipments from Australia and Brazil were 23.875 million tons, a decrease of 2.366 million tons from the previous month. Australia's shipments were 17.909 million tons, a decrease of 1.553 million tons from the previous month, of which Australia's shipments to China were 15.598 million tons, an increase of 936,000 tons from the previous month. Brazil's shipments were 5.966 million tons, a decrease of 812,000 tons from the previous month. In addition, the total arrivals at 45 ports in China were 23.44 million tons, a decrease of 4.903 million tons from the previous month; the total arrivals at the six northern ports were 12.422 million tons, a decrease of 1.362 million tons from the previous month. This week, after the end of the year-end rush at overseas mines, iron ore shipments fell by another 3 million tons to 28 million tons. Although the decline was significant, the absolute value was still higher than the same period last year. However, there is still room for a further decline in shipments in January, and further observation is needed in the future. In terms of supply, the arrival of iron ore in this period "exploded" by 5 million tons, and the short-term supply pressure has declined periodically, which is at an absolute low in recent years. From a structural point of view, the reduction in this period is mainly concentrated in Australia and Brazil. At present, due to the replenishment of steel mills in Tangshan, the mainstream supply is relatively scarce, which supports the spot price. Recently, the port difference between Tangshan and Shandong has also widened slightly. In general, the supply pressure of iron ore will show a periodic decline in January and February. However, the pace of steel mill replenishment is gradually slowing down over time, and iron ore will also show a weak supply and demand situation in the future.
Overall, raw materials drive steel prices upward, and market speculative demand is driven. Although the market trading sentiment has slightly warmed up, it is difficult to change the reality of weak demand. At present, after the winter storage theme is flat, the macro-impact on the black series has deepened again. On the one hand, although the domestic warm wind blows frequently, the industry confidence has not been driven; on the other hand, the overseas macro-fluctuation has intensified. As January 20 approaches, the tariff issue has also become a hot spot for current industrial transactions. In addition, the strengthening trend of the US dollar has suppressed the "vitality" of commodities. It is expected that the color-coated steel coil 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.