Iron ore prices rebounded
Recently, iron ore prices fluctuated. In just ten trading days from September 24 to October 7, the price of iron ore in the outer plate rose from 89 USD/ton to 114 USD/ton, an increase of nearly 28%. However, on October 8, the price fell from 114 USD/ton to 105 USD/ton. This Friday, it was already below 100 USD. Entering the second half of the year, especially in September, the market price showed a large fluctuation. The average spot price of imported iron ore in that month was 705 yuan/ton. On October 24th, the iron ore fell slightly by two yuan, and the closing price was 755 yuan. The current price was elastic, and the overall price was fluctuating and had a certain rebound trend. However, it should be noted that the market center of gravity was unstable before the first and middle of November, and there were many uncertain factors. Read more exciting novels for free
Iron ore rebounded sharply
There were many reasons for the sharp rebound of iron ore. From the perspective of supply, although the shipment of Australia and Brazil picked up last week and the arrival of Hong Kong rose at the same time, the overall supply was loose, but the total arrival of 45 ports was at a neutral level recently, the domestic mine capacity utilization rate was stable, and the supply side was in a loose pattern. Changes in the production dynamic of major global miners such as Vale and Rio Tinto would also affect supply. For example, if their production declined due to tightening environmental protection policies and equipment failures, the tight supply situation might intensify and push prices higher. On the contrary, sufficient or excessive supply would restrain price increases. On the demand side, the output of molten iron rose slightly, the amount of port evacuation increased, and the demand continued to repair. The output of blast furnace molten iron from 247 steel enterprises was 2,356,900 tons per day (+1.33), and the iron ore transaction in the main port of the country was 1,032,600 tons, an increase of 24.7% on a month-on-month basis. However, the demand improved but not much. It was difficult to promote the trend. The current iron ore supply and demand were still loose, and the demand could not match the high arrival volume. However, from a policy perspective, the government introduced measures to stabilize growth such as increasing infrastructure investment and relaxing credit conditions to stimulate economic recovery. The market expected iron ore demand to pick up, which in turn pushed prices higher. However, the implementation of the policy took time and the effect was uncertain. In terms of inventory, the port's inventory was greatly reduced, and the overall de-stocking was relatively large. The imported ore inventory of Port 47 was 160,086,800 tons (-18.85), and the daily average amount of imported ore was 3,388,400 tons (-0.56). The steel mill's inventory accumulated slightly, and the effect of replenishing the warehouse appeared. In addition, the macro sentiment also had a cataclysmic effect on the iron ore price, causing it to rise sharply, and the expectation of "gold nine silver ten" demand improvement may become the core trading logic of the market. Coupled with the global shipping off-season in September and the disturbance of iron ore supply end, the ore price is expected to usher in a staged rebound under the imbalance of supply and demand. At the same time, the expectation of resuming production after the National Day was relatively strong, and the industry supported the rebound of mineral prices before the holiday. <a href="/?from=ask_words" style="color:red" target="_blank">Read more exciting novels for free</a>
Port iron ore stocks rebounded
Recently, the iron ore port's inventory had increased and rebounded. For example, on October 25, the iron ore port inventory increased by 441,500 tons compared with the previous trading day; As of April 11, the imported iron ore inventory of 45 ports nationwide reached 144,873,800 tons, an increase of 351,100 tons on a month-on-month basis; On June 28, Mysteel calculated that the imported iron ore inventory of 45 ports nationwide was 149,263,200 tons, an increase of 430,500 tons on a month-on-month basis; In July, the port inventory continued to increase to 152 million tons; On October 30, the iron ore port's inventory recorded 153,416,800 tons, an increase of 441,500 tons from the previous trading day. <a href="/?from=ask_words" style="color:red" target="_blank">Read more exciting novels for free</a>
Gold futures prices rebounded
According to the information provided, the price of gold futures had fallen. For example, the New York Mercantile Exchange on October 25 showed that the price of gold futures in New York was 2740.46 -8.44 -0.307% per ounce (Today's opening:2748.60 Yesterday's closing:2748.90 Today's highest:2748.60 Today's lowest:2736.50), which indicated that the price had declined. The international gold price had also plummeted in the early hours of October 24th. Although the price of gold had risen and reached a historical high, it has recently shown a downward trend, which may imply that its price rebound is blocked and may be affected by factors such as profit-taking.(For example, gold futures fell by 0.3% on October 25 to $2,740.40 per ounce, which fell sharply after hitting a peak on Wednesday), but based on current information alone, it could not be determined that the rebound was blocked, or it could be a normal price fluctuation adjustment. More time and data were needed for further observation. <a href="/?from=ask_words" style="color:red" target="_blank">Read more exciting novels for free</a>
Gold prices rebounded slightly in the afternoon
On November 7th (Thursday), the US dollar weakened, and international gold prices rebounded from their low in the past three weeks. New York's December gold futures price closed at 2705.8 US dollars per ounce, up 1.10%. COMEX gold futures rose 1.41% to 2714 US dollars per ounce. The day before, on November 6, London gold spot fell 3.09% to 2658.90 USD/ounce, while COMEX gold futures fell 2.97% to 2668.0 USD/ounce. The rebound in gold prices may be related to the weakening of the dollar. In the long run, the high debt burden of the U.S. government is difficult to change in the short term. With the support of central banks buying gold, the attractiveness of the gold market will be further enhanced, but the short-term correction will not change the upward trend. However, the price of gold is also affected by many factors. For example, the price fluctuation before and after the U.S. election will basically intensify. Under the background that the international gold price has hit a record high many times this year, facing the time point of "boots landing", many funds will choose to take profits; China's central bank has suspended its increase in gold for six consecutive months; The positive effect of the conflict between Israel and Israel is weakening; The expectation of the Federal Reserve to cut interest rates will affect the gold price trend. <a href="/?from=ask_words" style="color:red" target="_blank">Read more exciting novels for free</a>
House prices rebounded significantly in January
In January, the month-on-month decline in housing prices in 70 cities narrowed overall. The number of cities with a month-on-month decline in the sales prices of new commercial residential buildings and second-hand residential buildings decreased compared with the previous month. This was the first time in the past 11 months that the number of cities with rising housing prices had picked up. To some extent, it showed signs of a margin improvement in housing prices. Among them, Shanghai led the repair of housing prices in this round, rising by 0.4% month-on-month, and the number of cities with new commercial residential housing prices rose by four cities compared with last month. However, despite these positive changes, some experts believe that the current housing price bottom has not been broken, the overall price rise momentum is still insufficient, trend decline or still the mainstream, such as Guangdong Province City Planning Institute housing policy research center chief researcher Li Yujia believes that in the first quarter of 2024 housing prices may continue to fall, although the decline of new and second-hand housing prices narrowed, but the range is very small. Therefore, it could not be said that house prices rebounded significantly in January. It could only be said that there were some positive trends. <a href="/?from=ask_words" style="color:red" target="_blank">Read more exciting novels for free</a>
Palm oil prices stabilized and rebounded
Recently, the price of palm oil has shown an upward trend. On October 24th, the price remained at around 9200 yuan and hit a new high in two years. On October 25th, the main palm oil futures (p2501) contract fell by 1.02% to 9280 yuan, but on October 26th, the current price was 9,300.00 yuan. The highest price reached 9,366.00 yuan, and the lowest price was 9,272.00 yuan. This week, the national average price of 24 degrees palm oil rose to 9513 yuan/ton, up 383 yuan/ton from last week, with a month-on-month increase of 4.19%. From these data, palm oil prices were on the rise and there was a situation of stabilizing and rebounding. <a href="/?from=ask_words" style="color:red" target="_blank">Read more exciting novels for free</a>
Genesis of Archean Iron Ore
Archean iron ores could be formed in the following ways: - The Archean iron ore deposits with high and medium-grade ores were formed by tropical weathering and rainwater, which leached out silicon dioxide and finally enriched iron. The age of its iron formation was Archean (more than 3 billion years old). There were high-grade (iron content greater than 60%, mainly composed of hematite), medium-grade (iron content 40% - 60%, composed of magnetite and hematite), and low-grade (iron content 30% - 40%, mainly composed of magnetite). - In the Anben region of China, the ore-forming process and origin of Archean iron ore deposits with poor silicate rocks are complicated. There are two main types: one is the origin of the magma activity, which is the accumulation and deposit of iron and other elements in the process of the magma dissolving and separating out the surrounding rocks; The second is the transformation type of the later stage of the oxidisation and sulfidification. In the early stage, the ore deposit was mainly rich in iron and other elements. In the near-surface environment, due to its strong mobility, the oxidisation or sulfidification occurred, which increased the concentration of iron and other elements in the ore body, thus forming a poor silicite-type iron ore deposit. - In Guinean, iron ores were mainly distributed in the Archean rocks around Mount Nimba. The ore types were hematite and goethite, but their origins were not mentioned. 'The Myth of True Love in the Pangu Progenitor Universe' is equally wonderful. Please click to read it!
Have house prices in second-tier and third-tier cities rebounded
There were not enough signs that property prices in second and third-tier cities had rebounded. According to some data, second-hand residential sales prices in second-tier and third-tier cities fell by 0.9% month-on-month in September. Some second-tier and third-tier cities faced the pressure of destocking. For example, 41 of the 100 key cities in the country had a destocking cycle of more than 36 months. These cities included Fuzhou, Wuhan1, Haerbin, Luoyang, and other second-tier and third-tier cities. If they could not increase the supply of land, in order to deal with the overstocked property in their hands, they might adopt a discounted sale method to quickly get back the money. Moreover, after Beijing, Shanghai, Guangzhou and Shen lifted the purchase restriction, it might have a greater impact on the housing prices in the second and third tier cities, further suppressing the rebound of housing prices. Although some cities such as Chengdu and Chongqing had increased the prices of new buildings after October 1, the overall rebound in housing prices in second and third-tier cities was insufficient. <a href="/?from=ask_words" style="color:red" target="_blank">Read more exciting novels for free</a>
How to mine cave iron ore
The mining of cave iron ore required many considerations and operations. Firstly, technology was the key factor. A series of advanced technologies needed to be developed and applied, such as underground mining technology to ensure that iron ore could be effectively obtained from underground; ventilation and drainage technology, because there might be water accumulation and poor ventilation in the underground environment, good ventilation and drainage technology could ensure the safety and normal operation of mining work; Rock mechanics analysis was also indispensable. It could help determine the stability of the rock during the mining process, so as to ensure the safety and efficiency of the mining process, reduce costs and increase ore production. Secondly, market factors could not be ignored. In the iron ore market, the relationship between supply and demand, geography, and the macro economy would all affect the price. Therefore, he had to pay close attention to the market trends and analyze all kinds of factors that might affect the price of iron ore in order to take the lead in cave mining. Furthermore, environmental protection and sustainable development were important prerequisites. During the mining process, environmental impact assessment and pollution prevention must be strengthened to ensure the rational development and utilization of mineral resources. The impact of mining on the surrounding ecological environment must be considered to achieve the goal of green mines. For example, they had to pay attention to avoid pollution of the underground water and soil, and reduce the damage to the surface vegetation caused by mining. If you want to know more about the follow-up, click on the link and read it!
Australian iron ore price rises suffer backlash
Although the price increase of Australia iron ore brought economic benefits in the short term, there was also a risk of backlash. On the one hand, China was an important import country of Australian iron ore, and its price increase made China seek alternative resources. For example, a large amount of iron ore resources had been discovered in Africa, and China's five departments had also introduced policies to promote the import and export of recycled steel raw materials to reduce their dependence on Australian iron ore, which posed a threat to Australia's iron ore export market share. On the other hand, from the perspective of the global iron ore supply pattern, although Australia's iron ore was of high quality and rich in reserves, Brazil and other countries were also important suppliers. The price increase may prompt global steel companies to consider other sources of supply such as Brazilian iron ore, affecting Australia's long-term layout and pricing power in the global iron ore market. In the long run, over-reliance on the price increase strategy was not conducive to Australia's stable trade cooperation. With the changes in the international situation and the development of other resource suppliers, the Australian iron ore industry may face risks such as shrinking market share and declining international competitiveness. <a href="/?from=ask_words" style="color:red" target="_blank">Read more exciting novels for free</a>