Supply continues to increase, demand is lukewarm, ore prices fall again

According to the business community, the price monitoring data as of June 14th, Australia 62%PB ore port car price is 439.44 yuan / wet ton, down 4.1% compared with the beginning of June; in February 22, 2017 the highest price of 724.44 yuan / wet ton, fell 39.34%. Only occasionally, Dalian iron ore futures contract continued to contract prices from 742 yuan per ton per ton in February 20th to 432 yuan / dry ton in June 14th, a decrease of about 41.78%.

Business community iron and steel Bureau He Hangsheng think, in the supply of continuous increase, demand is not warm, fire background, ore price decline is the trend of the times