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It is understood that the main 1601 contract of thermal coal futures fell again by 1.
23% this week, falling to 335.
4 yuan per ton during the week, and closed at 337.
2 yuan per ton on the 23rd, a record low
.
Iron ore futures hovered at the bottom, affected by steel prices, and iron ore prices fluctuated weakly
.
Analysts generally believe that the main reason is that the international oil price is too low, and it is expected to continue for a long time, and the pace of natural gas replacing coal power generation and heating is being accelerated in China, and North China has been launched
one after another.
In addition, the low price of imported coal has made Southern Thermal Power use imported coal instead of domestic coal
.
On the whole, the thermal coal market will remain weak
in the future.
In contrast, the main 1601 contract of iron ore futures has remained stable in the past few months, but it is still difficult to touch the pressure line of 400 yuan per ton, and the overall fluctuation remains around 370 yuan per ton
.
The price closed at 369 yuan a tonne this week, down slightly by 0.
27%
for the week.
On the whole, although China is building large-scale infrastructure, which is good for the steel industry, the cycle is long, and it is difficult to respond to steel prices in the short term, so steel prices are too low to become the main reason
why iron ore prices are difficult to rise.
From an objective point of view, almost all of the current global mineral products are oversupply, and the particularity of mineral supply lies in the long investment cycle and large investment amount, so for mining enterprises, once the supply market begins, it is necessary to keep selling to ensure cash flow to repay investment loans
.
This means that the prices of bulk minerals, including thermal coal and iron ore, may be at the bottom for a long time, waiting for the next economic expansion cycle
.
It is understood that the main 1601 contract of thermal coal futures fell again by 1.
23% this week, falling to 335.
4 yuan per ton during the week, and closed at 337.
2 yuan per ton on the 23rd, a record low
.
Iron ore futures hovered at the bottom, affected by steel prices, and iron ore prices fluctuated weakly
.
Analysts generally believe that the main reason is that the international oil price is too low, and it is expected to continue for a long time, and the pace of natural gas replacing coal power generation and heating is being accelerated in China, and North China has been launched
one after another.
In addition, the low price of imported coal has made Southern Thermal Power use imported coal instead of domestic coal
.
On the whole, the thermal coal market will remain weak
in the future.
In contrast, the main 1601 contract of iron ore futures has remained stable in the past few months, but it is still difficult to touch the pressure line of 400 yuan per ton, and the overall fluctuation remains around 370 yuan per ton
.
The price closed at 369 yuan a tonne this week, down slightly by 0.
27%
for the week.
On the whole, although China is building large-scale infrastructure, which is good for the steel industry, the cycle is long, and it is difficult to respond to steel prices in the short term, so steel prices are too low to become the main reason
why iron ore prices are difficult to rise.
From an objective point of view, almost all of the current global mineral products are oversupply, and the particularity of mineral supply lies in the long investment cycle and large investment amount, so for mining enterprises, once the supply market begins, it is necessary to keep selling to ensure cash flow to repay investment loans
.
This means that the prices of bulk minerals, including thermal coal and iron ore, may be at the bottom for a long time, waiting for the next economic expansion cycle
.
