The capacity release of stainless steel plants significantly increased iron ore prices, showing a strong trend of volatility

This week, the price index of imported iron ore showed a strong trend of volatility. Downstream demand continued to recover this week, the capacity release of stainless steel plants increased significantly, and iron ore prices showed a strong trend of volatility. This week, Australia’s iron ore shipments recovered, while Brazil’s iron ore shipments were relatively stable, and the amount of iron ore inbound and outbound remained at a high level, driving the port inventory to continue to rise. On the demand side, with the continuous recovery of downstream demand in the near future, the enthusiasm of stainless steel plants for production has increased significantly. This week’s survey showed that the increase of blast furnace operating rate of major steel enterprises in the country has significantly expanded; At present, the iron ore inventory of the steel plant is low, but the iron ore procurement of the stainless steel plant is still cautious, and the purchase is mainly in demand. At present, the profit of stainless steel plant is still weak, and the price level of imported ore is still subject to certain restrictions. Overall, the stainless steel spot supermarket is expected to continue the high and volatile operation pattern of the import iron ore price index next week