Iron ore price, page-16383

There you go. This was just released on Chinese site. The Tangshan environmental curbs will likely result in about 0.09mt of lost production per day over last 6 days of September.

I estimated about 0.5mt in my last post and that seems around the mark. The whole output restriction thing is a mountain from a molehill or however that saying goes

September is looking to be another strong month for steel output.

Cheers

https://finance.sina.cn/futuremarket/jgpl/2019-09-25/detail-iicezueu8252630.d.html?from=wap

As of today's close, the main contract of the period screw reported 3,495 yuan / ton, compared with the Shanghai market 20mm three-stage rebar (folded price) paste 401 yuan / ton.

Macro: The Shanghai University of Finance and Economics report predicts that the VAT reform will continue to drive economic growth within three years; the central bank governor Yi Gang said that he is not eager to have a large interest rate cut and quantitative easing policy; the 2020 special debt amount will be released in October at the earliest. The place can be used in advance; the blueprint for the comprehensive three-dimensional transportation network will come out in the next 30 years.

Industry: Mysteel research, statistics 33 Tangshan steel enterprises August production restrictions actually affect the production of hot metal is 69,100 tons / day. The first phase of September (September 1-23) was more relaxed, and the second phase of September (September 24-30) tightened production policy. In September, the actual impact of molten iron production was 85,700 tons. / Day; from October 1st to 31st, continue the second phase of the September production policy.

On the one hand, the demand for terminals before the holiday is relatively considerable, and the environmental protection and production limits of steel mills in various regions are tightened, the traders' mentality is acceptable, and the willingness to ship at low prices is not strong. On the other hand, in this year's steel market supply and demand presented a relatively loose pattern, the futures market performance is sluggish, still cautious for the post-holiday market, do not dare to pull up. Short-term steel prices have entered a small fluctuation.