Iron ore price, page-16298

Some of this article gets lost in translation but good to see leading indicators such as excavator production increase year on year in August.

Steel output looks to have increased a bit over the last week also.

http://3g.cnfol.com/futures/jigoulunshi/20190920/27693352.shtml

According to Mysteel inventory data, as of September 19, this week's thread society stocks 5,276,400 tons, down by 204,400 tons on a week-on-week basis.  The wire rod social stock was 1,160,700 tons, down by 19,500 tons on a week-on-week basis.  Rebar mills had an inventory of 2,241,800 tons, an increase of 2 million tons on a week-on-week basis.  Wire and steel mills had an inventory of 570,500 tons, down by 11,700 tons on a week-on-week basis.  The hot-rolled social inventory was 2,394,500 tons, an increase of 10,900 tons on a week-on-week basis.  In terms of output, the weekly production of thread was 3,448,500 tons, an increase of 95,500 tons from last week.  The weekly output of wire rod was 1.5577 million tons, an increase of 11.8 million tons from last week, and the weekly output of hot coil was 335.28 million tons, down by 72,300 tons from last week.
According to the latest statistics from the National Bureau of Statistics, the output of excavators in August was 17,540 units, an increase of 6.8% year-on-year.  In terms of tractors, the output of large tractors in August was 3,868 units, down 7.6% year-on-year; the output of medium-sized tractors was 15,289 units, up 4.4% year-on-year; the number of small tractors was 29,000 units, down 12.1% year-on-year.
On September 19, Mysteel calculated the total inventory of sintered powder imported from 64 steel mills by 1616.58, an increase of 26.27 from last week and a decrease of 16.17% compared with last year. The total daily consumption of sintered powder was 58.28, a decrease of 0.4 from last week and a decrease of 12.7% from last year.  It increased by 0.64 over 27.74, and decreased by 1.15 compared with last year. The average available days of imported mines was 27 days, which was flat compared with last week.  (Unit: 10,000 tons)