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The falling of building materials billet affects the falling price of iron ore
On the 17th, the domestic iron ore market was affected by the continuous decline of building materials billets, and the transaction prices in the mainstream areas declined. It is understood that 66% iron ore wet base in the Zunhua area of ​​Tangshan does not include the tax of 860-870 yuan / ton. The iron ore market in Northeast China was affected by the price adjustment of steel mills, and the market price declined. The iron ore market in East China was weaker; the iron ore market in Central and South China was affected by heavy rain. Imported iron ore futures continued to decline. The mainstream Australian and Brazilian mine futures prices are loose, and the Indian mines are easily reluctant to sell at low prices due to cost constraints. In the face of falling steel and billets, imported iron ore is increasingly under pressure. In the downtrend, buyers are cautiously watching, and the enthusiasm of merchants' offer is frustrated. In terms of spot, due to the widening of the spot price of mainstream varieties, spot transactions are also not easy. Limited transactions are mostly limited to steel mills on demand, and light inventory is more common. On the 16th, the maritime market continued its downward trend yesterday, but the decline narrowed. BDI1102 fell 8, BCI1310 fell 10, BPI1209 rose 7, and BSI1277 fell 10. The continued sluggishness of chartering caused the shipowners to be bearish, the Atlantic grain-based pallets were firm, and the shipowners were able to push up the freight rate, causing the Panamax to rise unilaterally. The data shows that the freight rate from Brazil to China fell by US$0.036/ton (15-180,000 tons), and the freight rate from Western Australia to China was flat (15-180,000 tons).