"Crazy iron ore" seems to be cooling down "unwillingly". Wang Xiaoqi, vice president of China Iron and Steel Association (hereinafter referred to as “China Steel Associationâ€), publicly stated that the global iron ore price “has entered the downward channelâ€. Wang Xiaoqi said that the domestic steel market may be slightly better than this year next year, and China's demand for iron ore will increase slightly, but the increase in ore supply will be even greater. "In the context of globalization, the Chinese market and the international market are increasingly interoperable, and the iron ore market is even more so." Wang Xiaoqi said that the global iron ore market is affected by multiple factors. "The most important thing is of course supply and demand, and secondly Including the interest game between the supply and demand sides in the transaction process, and the intensification of the fluctuation of the mineral price after the financial capital and social capital enter the mining market." However, the fundamentals of the global iron ore market are always determined by the relationship between supply and demand. Wang Xiaoqi said that compared with previous years, the current mining market has undergone a fundamental change, and the price of minerals has entered the downward channel. "According to the current situation of various factors, the future price of minerals will be in the downward channel. Of course, the specific trajectory will be downward, and sometimes the fluctuation will be narrowed." Wang Xiaoqi said. Wang Xiaoqi specifically said that there are two popular sayings in the iron ore industry, "need to analyze it carefully." One way of saying this is that new investment projects in major mines around the world will slow down the pace of implementation in the current macroeconomic situation, or the overall delay. This will have the effect of controlling supply and holding up the price of the mine. In fact, the rule of mine investment projects is that as long as a certain percentage of investment is invested, the speed of construction can only be slow. The current situation is that many new projects have already invested half of the investment, and it is difficult to slow down. Another way of saying this is that due to the high cost of domestic mining, the global mine price will drop to a certain extent, the domestic mine will cut production and stop production, and the supply will reduce the price of minerals. Therefore, domestic mines provide a “bottom priceâ€. "This argument seems to be reasonable, but it does not match the facts," he said.
Angle Valves,Rego Angle Valves,Fisher Angle Valves,Radiator Angle Valves
AS-SUR INDUSTRIAL VALVE CO., LTD. , https://www.assur-valve.com