On June 6, there was light fog on the coast of Rizhao, and there was no calm on the sea. The reporter went to Rizhao Port to investigate the iron ore warehouse. At the iron ore terminal, the Roberts cargo ship from India has unloaded 170,000 tons of iron ore and is preparing to sail and depart. At another berth not far away, the ship unloader is unloading a larger iron ore freighter. In the yard close to the iron ore berth, there are workers working, iron or black iron ore piled up in a pile, densely piled up in the yard, but there are still a few empty space scattered in the huge yard. ![]()
“Accurately, since the end of last year, iron ore port stocks have been at a high level, with little or no increase,†said Yu Huifang, the director of Rizhao Port. "In fact, port inventory is only a point in time data, and it does not mean that the economy is cold or hot, nor can it be a barometer of the economy. When the downstream market demand is large or small, we have seen high iron ore stocks here. "Rizhao Port Securities Affairs Representative Fan Shoumeng told reporters that the iron ore port inventory and price are not important, the important thing is the downstream demand. The latest announcement of interest rate cuts by the People's Bank of China on June 7 will not immediately allow iron ore traders and steel companies to breathe a sigh of relief, and it will take a long time for the policy to be transferred to iron ore stocks. According to the central bank, since June 8, the benchmark interest rate for one-year deposits and loans of financial institutions will be lowered by 0.25 percentage points. The benchmark interest rates for deposits and loans of other grades and the interest rate of deposits and loans for individual housing provident funds will also be adjusted accordingly. Port stocks continue to be high. “From January to April this year, the port iron ore stocks have been growing, but the magnitude is not large.†Yu Huifang said that because of the small growth rate, the port's storage capacity has not caused much pressure. As for the serious pressure on the Qingdao port iron ore reported by the media, Liu, an iron ore trader in Rizhao, said, “This is caused by their limited storage capacity.†In fact, since November last year, iron ore Stone port stocks have remained high, "mainly maintained at the level of 100 million tons this year." Xu Guangjian, a joint metal iron ore analyst. "In the past few days, the inventory has decreased, but the amount is also small." Yu Huifang introduced. The Xinhua-China Iron Ore Price Index released by Xinhua News Agency shows that as of June 4, the iron ore inventory of China's ports (96 ports along the coast was 96.62 million tons, which was lower than the end of the previous reporting period (May 28). 620,000 tons, down 0.64% from the previous month. According to a large iron ore trader in Rizhao, the current inventory is slightly reduced. In fact, only the steel mills are replenishing stocks, which does not indicate that downstream demand is picking up. Despite the lack of downstream demand, the port inventory festival The number of iron ore imports has not increased significantly. According to customs data, China's iron ore imports increased by 10% year-on-year from January to March. Although the import volume in April decreased, the magnitude was not At the same time, the price of iron ore has stabilized after a series of consecutive declines. The “Xinhua-China Iron Ore Price Index†shows that the price of iron ore imported by China is 63.5%. The index was 137, up by 1 unit; the 58% grade iron ore price index was 116, up by one unit.
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