According to CCTV's financial report, the futures price of main iron ore contracts 1 1 day once exceeded 1,000 yuan, rising to 1 ton 1042 yuan, the highest increase in the day was 9.92%, the highest price since listing, and the spot price of iron ore also stood at 1,000 yuan. The price broke through an all-time high. It is understood that some traders are afraid to take goods now, and they are afraid of heights, fearing that prices will suddenly turn around and go down.

In the investigation, it was found that the main reason for this round of iron ore price increase was insufficient market supply. The supply of the four major mines in the world is tight to varying degrees. At the same time, iron ore suppliers such as South Africa and Peru were limited in short-term production suspension due to the epidemic in the first half of the year.

At the same time, the dollar has been depreciating recently, and overseas inflation has pushed up commodity prices. Faced with high raw material prices, iron and steel enterprises are facing enormous cost pressure. Now entering the winter, the market demand has dropped sharply. Faced with the high cost, enterprises also began to choose domestic ore to stabilize the price of imported ore.

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China Steel Association recently had three news reports about the rising price of iron ore:

The first time was February 6, 65438. China Steel Association said that the recent sharp rise in iron ore prices deviates from the fundamentals of supply and demand, and there are artificial market tension factors such as abnormal boosting index of traders' bidding and long positions in the futures market approaching the delivery month, calling on relevant regulatory authorities to intervene as soon as possible.

The second time is 65438+February 10. Luo Tiejun, Vice President of China Iron and Steel Industry Association, held a video conference with Rod Dukino, Vice President of Global Marketing of BHP Billiton Iron Mine, Rohan Roberts, Senior Manager of Global Marketing of Iron Mine, and Wang Yuekui, President of China District. And inquire about the one-day increase of iron ore price of $7.5/ton last Friday. BHP Billiton explained this and expressed its willingness to strengthen communication and exchanges with the Iron and Steel Association.

The third time was in the afternoon of 1 1. This time, China Steel Association took action to organize iron ore market seminars for China Baowu, Shagang, Angang, Shougang, Hegang, Jianlong and other enterprises to discuss the recent market operation and other issues.

He Xun. Com- Iron ore is crazy, and China Steel Association has joined the Australian giants! All steel enterprises can't sit still and call for an investigation.