Luoyang NM500 wearable plate heating season inhibited the enthusiasm for purchasing.
Luoyang NM500 wear-resistant plate terminal demand recovery sluggish effect, iron ore demand side performance is not good. On the other side, port stocks have accumulated to the front. The imbalance between supply and demand has led to a drop in the price of iron ore and a nearly four month low. Analysts believe that iron ore fundamentals are still weak, short-term or sustained weak shocks, but as follow-up demand recovery, downward space is limited.
Luoyang NM500 wear-resistant board futures from the high dive, as of October 20 closing, from a technical point of view, futures have fallen below the lower edge of the interval volatility, showing a weak pattern.
"Heating season prolonged, while Luoyang NM500 wear-resistant plate terminal demand recovery is weak, the steel factory discharged poorly, have inhibited the enthusiasm for procurement. At the same time, the port inventory increased to near the previous high, Australian mine in the third quarter off-season shipment volume has increased by 11%, in the absence of replenishment, iron ore supply and demand is weak. Tang Binghua, an analyst of iron and steel building materials group in Fangzheng futures, said. Www.china8877.com