Outlook for the iron oxide market in the second half of 2019: continued weakness, small oscillation
In the first half of the year, the iron oxide market showed a “V” trend. From the price system of some enterprises participating in the competition, the market price was affected, from 0.75 million yuan/ton to 0.65 million yuan/ton, a decrease of 15.4%, and the low price at the end of March. It is 0.58 million yuan/ton, the high price is 0.70 million yuan/ton in June, and the vertical amplitude is 11%.
For the post-oxidation iron market trend, due to the new capacity of some enterprises in the second half of the year, the supply of goods is sufficient, and the downstream is affected by factors such as the slowdown in economic growth and the tightening of safety supervision, the overall market demand is weak, coupled with the export situation. Poor, the iron oxide market continued to be weak in the second half of the year, and there would be no high expectations for the traditional gold season of the iron oxide “Golden September and Silver 10” market.