Winter is the traditional off-season of steel industry. Iron ore, which can be used as upstream raw material, has been extremely hot recently. Since the price increase of 10 began in late June, it once hit a new high since March this year, with an increase of more than 10% in the past two weeks.

The fourth quarter is the seasonal off-season of iron ore downstream steel industry. Why is there a sudden price fluctuation?

Iron ore has always been the most powerful variety of black series. The core of the recent price increase still lies in the improvement of domestic demand for raw materials and the enhancement of macroeconomic confidence in the fourth quarter. Demand is manifested in two aspects: on the one hand, the output of hot metal remains high, or the decline is limited; On the other hand, it is the low-level restriction of raw material inventory in steel mills.

However, on the evening of165438+June 6, the DCC issued two notices in succession, adjusting the trading limit and handling fee standard of iron ore-related contracts, and adjusting the intraday trading fee rate of iron ore contracts from one ten thousandth of the previous transaction amount to two ten thousandths.

Combined with policy trends, it is expected that iron ore futures will be difficult to continue to rise or maintain a high volatility pattern.