Prisudviklingen på jern malm kan afspejle flere tendenser:
– en generel økonomisk opbremsning, men især i Kina, og dermed faldende efterspørgsel
– for meget opbygning af lagre og produktionskapacitet
Reuters rapporterer, at der er overkapacitet i industrien og at det er med til at presse priserne
BEIJING, Sept 5 (Reuters) - China steel and iron ore futures prices plunged to new lows on Friday and spot prices continued to plummet, with traders unconvinced by data suggesting large mills were finally taking action to curb oversupply in the world's biggest steel market. China Iron and Steel Association (CISA) figures showed that large-scale firms slashed daily output by 8.35 percent in late August, while steel product stockpiles also fell 6.6 percent over Aug. 21-31. But the figures did not provide immediate support for the spot market, with traders in Shanghai reporting rebar prices of 2,810 yuan ($457.6) per tonne, down 20 yuan from Thursday, and hot-rolled coil prices of 3,260 yuan per tonne, down 30 yuan. "We are not expecting any pickup in momentum until mid-September and (it is) certainly unlikely ahead of Monday's (mid-Autumn festival) holiday," said Melinda Moore, an analyst with Standard Bank, in an emailed note.