[Industry News]
BHP Billiton's iron ore production and sales in the first half of the fiscal year was stable year-on-year: in the second quarter of fiscal 2017 (fourth quarter of 2017), benefiting from the production of Jim Blab's iron ore and C mines in the Pilbara region of Western Australia, and other highs Iron ore to increase production efficiency, make up for the decline in inventory caused by fire in Whaleshan Iron Ore Concentrator, and the negative impact of some mines scheduled to stop production and maintenance, BHP Billiton's iron ore production in Pilbara region (according to its shareholding, The same) year-on-year and year-on-year growth of 10.7% and 2.5% to 61.56 million tons (based on 100% equity iron ore output was 71.61 million tons, converted into annual output of 284 million tons, a record high). As the port expansion work was completed in December 2017, the iron ore sales volume of BHP Billiton's Pilbara region in the second quarter increased by 11.5% and 2.2% to 60.91 million tons respectively (based on 100% equity, 70.73 million). T)) It is expected that iron ore sales will further increase in the second half of the fiscal year. The Brazilian Samako pellet plant was affected by the suspension of production, and the sales volume of the pellet in the second quarter was zero. At the same time, BHP Billiton continues to negotiate with the Australian Environmental Management Department to increase the annual export quota for iron ore from 270 million tons to 290 million tons (based on 100% equity). In view of the stable production and sales of iron ore in the first half of FY2017, BHP Billiton forecasts that iron ore production and sales will resume growth in the second half of the fiscal year, thus maintaining the iron ore equity mine production target for FY2017 (239 million to 243 million tons). The target for iron ore production by 100% equity is still 275 million to 280 million tons. In the second quarter, BHP Billiton's SouthWalkerCreek coal mine, Saraji coal mine, CavalRidge coal mine and Daunia coal mine production reached a record high, truck transportation efficiency and coal washing plant capacity utilization increased, but Broadmeadow coal mine and Blackwater coal mine production fell. Affected by the above factors, BHP Billiton's second-quarter metallurgical coal production decreased by 8.3% and 9.0% to 9.69 million tons, respectively; metallurgical coal sales also fell by 17.4% and 11.2% to 9.16 million tons respectively. In the first half of FY2017, BHP Billiton's metallurgical coal production decreased by 4.8% year-on-year to 20.25 million tons; metallurgical coal sales decreased slightly by 0.6% year-on-year to 20.24 million tons. BHP Billiton expects that its metallurgical coal production will grow steadily from FY 2018 as the CavalRidgeSouthern Circuit project proceeds as planned.
In January, the import volume of iron ore in Shandong Port fell: In January, the import of iron ore and concentrates at Shandong Port was 17.921 million tons, an increase of 25% over the same period of last year; the value was 8.04 billion yuan, an increase of 6.4%; At 448.8 yuan per ton, it fell 14.8%. Last year, the import volume of iron ore in Shandong Port continued to fluctuate. In January this year, the import volume increased significantly compared with the previous month, increasing by 25% year-on-year and 22.8% quarter-on-quarter. In terms of price, the monthly average import price of iron ore in Shandong Port maintained a sequential increase for the second consecutive month, with a 7.8% increase in January and a decrease of 14.8% year-on-year. Among them, Australia is the main source of imports, and imports from Brazil have doubled. In January, Shandong Port imported 11.203 million tons of iron ore from Australia, an increase of 35%, accounting for 62.5%; imports from Brazil 4.30 million tons, an increase of 1.2 times, accounting for 24%; imports from South Africa, 790,000 tons, an increase of 6.9%.
[Iron Ore Index]
| February 26th Iron Ore Index | Price ($) | Gain |
| Platts index 62% | 79.95 | 0.75 |
| TSI index 62% | 79.95 | 0.75 |
| MB index 62% | 79.36 | 0.54 |
Lange forecast: Today's iron ore index is expected to be lowered by 0.1-0.5.
[Mine bidding and platform transaction]
Bidding: 1. Rio Tinto tenders 170,000 tons of PB powder, 3.24-4.2 installment, and the price of the knot: 78.21 (61% of the price).
Transaction: 1, Lange cloud business: North Rail Center turnover 170,000 tons of Fe63% BRBF powder, 4.8-4.17 installation period, transaction price: May MM index +1.8.
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The main contract of the 1805 contract of the iron ore futures of Dashang Iron and Steel Co., Ltd. opened slightly lower at 549 yuan on the 27th. After the opening, the price fluctuated and ran. It closed near the closing price of the morning and touched the lowest point of the whole day. Then it oscillated and rebounded. It closed near the afternoon and closed all day. The highest price. The highest in the day was 552 yuan/ton, the lowest in the whole day was 540 yuan/ton, and the final price was 546.5 yuan/ton, which was 3.5 yuan lower than the settlement price of the previous trading day, a decrease of 0.64%. The turnover was 1564520, and the position was 1562732. On the trading day, the position was increased by 22,800.
[Market Research and Analysis]
The domestic iron ore market has risen steadily. In terms of domestic mines, most of the market is stable and the price in Shandong is raised. In terms of imported mines, the spot and forward spot prices of the ports are mainly rising. It is understood that at this stage, the market players are still looking forward to a strong mentality. Some merchants still insist on production during the Spring Festival holiday. If the customs clearance has passed this year, the operating rate of mining enterprises will gradually increase, but the market demand has not fully recovered, resulting in inventory. Accumulated, while steel mills purchase more to maintain the original price, individual adjustments, so the procurement enthusiasm is also slightly general. However, considering the recent increase in the prices of finished products and billets, the interest of merchants in participating in the market has become more and more concentrated. Based on the above factors, it is expected that the domestic iron ore market will fluctuate slightly in the short term.
According to the monitoring data of the Lange Steel Cloud Business Platform, the mainstream market price of 66% acid powder wet base in Tangshan is 530-540 yuan, which is stable. The market price of 65%-66% acid powder wet base in Jianping area is about 520 yuan, which is stable. The market price of 65%-66% acidic dry-based tax-included cash in Zibo area is 740-750 yuan, up by 15 yuan. The reference price of 61.5% Australian powder in the imported ore market is US$78.5-79, up by US$1. Qingdao Port's 61.5% Australian powder reference price is 555 yuan, up 5 yuan, 61% of the microphone powder reference price is 526 yuan, up 6 yuan. Tianjin Port 600717, stocks 61.5% PB Australian powder reference price is 579 yuan, up 8 yuan, super special powder reference price is 342 yuan, up 4 yuan.
This article was first published on the WeChat public account: Lange Steel. The content of the article belongs to the author's personal opinion and does not represent the position of Hexun.com. Investors should act accordingly, at their own risk.
(Editor: Ren Gang HF008)
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