Market Verdict on Iron Ore：
· Neutral.
Macro
· Guangdong Province, China appealed to stop electricity usage in low floors. Liaoning province electricity supply triggered serve shortage level because of the sudden decrease on wind power. Inner Mongolia started to stop operation in 6 out of 11 steel mills.
Iron Ore Key Indicators:
· Platts62 $110.15, +1.25, MTD $120.46.
· India JSPL win the auction on Kasia Iron Mine.
· India pellet miner KIOCL Limited announced on previous Friday that the miner started maintenance from September 20th. The maintenance would take 6 weeks.
· Australia iron ore miner GWR suspended C4 area iron ore mining because of the sharp drop on iron ore prices over the last two months. GWR produced 139,000 metric tons of iron ore in this August.
SGX Iron Ore 62% Futures& Options Open Interest (Sep 24th)
· Futures 82,249,000 tonnes(Increase 974,800 tonnes)
· Options 94,213,500 tonnes(Increase 609,000 tonnes)
Steel Key Indicators
· Steelbank construction steels inventory 6.91 million tonnes, down 4.78% w-o-w. HRC inventories 2.91 million tonnes, up 2% w-o-w.
· CISA member mid-September crude steel daily production 1.99 million tonnes, down 2.62% w-o-w. Pig iron daily production 1.78 million tonnes, down 1.78% w-o-w. Steel daily production 1.93 million tonnes, down 0.24% w-o-w.
Coal Indicators
· According to China official media, China coal exchange center indicated coal supply tension will become loose as southern weather cools and electricity usage decrease. At the same time, wind power and solar power are growing sustainably. 