1. Where is the iron ore price? Staged historical highs? As of press time, on June 15+0, 2020, the main price of iron ore futures was11836 yuan/ton, and in the past, the highest price of iron ore had reached 1000 yuan/ton. Innovation? .
But even so, it is undeniable that the current iron ore quotation really started from 20 14? Staged historical highs? .
Second, why did iron ore prices rise? The main purpose of iron ore is steelmaking, and steelmaking is mainly for infrastructure.
The price trend of iron ore in China is mainly influenced by two aspects, one is inflation, the other is supply and demand. Although generally speaking, inflation is the highest influencing factor, more often, iron ore prices are more influenced by the weight of supply and demand factors.
Since 20 16, China's iron ore prices have been rising year after year, largely because of the rapid growth of infrastructure development and iron ore demand, which has promoted the rise of iron ore prices.
3. Why doesn't iron ore price need human intervention? Although the current iron ore price of 836 is not the highest point in the whole historical market, considering the change of exchange rate, the RMB has been appreciating recently, so the increase of iron ore price in recent months is actually far more violent than it seems.
But why do I say that even if the price of iron ore rises so much, there is no need for human intervention in the price of iron ore?
The answer is actually very simple, because the reason why iron ore has soared is that China's iron ore imports are mainly from Australia. In view of some well-known international relations and China's real demand for iron ore, it will rise.
However, the source of iron ore imports in China is likely to change in the future, which means that there is really no need for human intervention now.