In the early summer, even though national steel market has suffered a depression continuously,  the production of steel in China still maintain in a high level, for the requirements in international steel market keep blooming.

China has a large storage of iron ore, which make its price easily to go down. With gradually increasing of steel supply overseas, there will be a big slump of its price.

In the end of June, CIOPI is 326.85, showed a decline of 7.32 percent compared with May. The average CIOPI of this mouth is 326.77, 28.55 percent less than May.

The port inventory of iron ore in the same mouth has reached 114810000 MT, 41700000MT more than last year which indicating specifically the tendency of oversupply in iron ore market.

Although the lower price of iron ore, steel enterprises can hardly earn much from export and import trades. It is said to be a potential price decrease of iron ore.

From: ROGO INDUSTRIAL (SHANGHAI) CO.,LTD