Global iron ore oversupply situation will continue
Even if the supply side reform institutions continues, but the international iron ore mines in the supply in 2016 last few days in recent years rare highs. The last week of December 2016, China's total iron ore port stocks increased 2 million 740 thousand tons to 1.1439 tons, a record high since mid. At the same time, there is an industry benchmark, said Platts 62% iron ore index, in 2016 of December to re stand on the $80 / ton mark, and in a year ago, the index is $39.2 / ton.
Iran iron ore exports increased sharply
Although the Iran government will introduce policies to stop the export of raw materials, but the customs data show that 9 months ago he (as of December 20, 2016) Iran iron ore exports amounted to 13 million 80 thousand tons, an increase of 45%. Iran miners believe that export growth will continue, at least until March of this year.
U.S. manufacturing expansion in December last year hit a two-year high
American Association for supply management report released on the 3, by the manufacturing sector, new orders, production and employment index rose in full swing, in December last year, the U.S. manufacturing expansion rate hit a two-year high.
The report shows that in December last year, the U.S. manufacturing purchasing managers index rose 54.7 from the previous month, up to 53.7, higher than economists expected to hit a record high since December 2014. The manufacturing PMI is a barometer of American manufacturing industry comprehensive development, the index of 50 is the critical point, above 50 indicates expansion in the manufacturing sector, less than 50 indicates that manufacturing is shrinking.
In December last year, the new manufacturing orders index rose 7.2 points to 60.2, the production index rose by 4.3 points to 60.3, the employment index rose by 0.8 points to the new export orders index rose by 4 points to 56.
Sub industry perspective, the survey industry has 11 sectors to achieve expansion, shrinking the 6 sectors. Survey shows that computers and electronic products, metal products, machinery, plastics and rubber products and other industries have expressed strong business demand, rising prices pressure is expected in 2017 will continue to grow.