The hottest iron ore from Australia decreased by 1

  • Detail

According to customs statistics, China imported 673million tons of iron ore in the first 11 months, an increase of 8.2% year-on-year; The average import price was 130.2 USD/ton, a year-on-year decrease of 21.7%. Among them, the import volume of iron ore in November was 65.78 million tons, an increase of 9.44 million tons compared with October, a month on month increase of 16.73%; In November, the average import price of iron ore was 109.9, which must be considered comprehensively in terms of energy efficiency, environmental protection and product quality. It was $7/ton, up 4.83% month on month compared with October. The import volume in a single month hit a record high only lower than that in January 2011. In the week from the 3rd to the 7th of this month, the total inventory of imported iron ore ports was 77.83 million tons, a decrease of 2.83 million tons compared with the previous week. This is the first time since 2008 that the port inventory has fallen into the range of 80million tons

quxiuli, Deputy Secretary General of China Iron and Steel Industry Association, once told the international business daily that although there is excess capacity, there is still some demand for steel, but it is not as good as before. The reduction of port inventory of imported iron ore is an example

since 2000, due to the strong demand for iron ore and the strong control of Rio Tinto, BHP Billiton and vale over the international iron ore trade, the average ton price of China's iron ore imports rose from US $26.6 in 2000 to US $128.3 in 2010, reaching a peak of US $163.8 in 2011. In 2005, the price of iron ore rose by 71.5%, and in 2010 it rose by 90%, a record increase. In the second half of this year, it fell back to $138.4

the high ore price has raised the production cost of steel mills. In order to reduce costs, some steel mills have improved low-grade mines. Xuxiangchun said that the average grade of imported iron ore in the millennium was about 62%, which fell to 61%~61.5% last year, and this year it fell by another percentage point, about 60%. "If the grade of an iron ore within a certain quality drops by one percentage point, the price per ton will be 3 dollars cheaper." Xuxiangchun said that if the ore is changed from more than 60% to less than 55% low-grade ore, it will be 50 to 60 dollars or more cheaper per ton

xuxiangchun said that when the ore price was high in the previous two years, many private steel mills used low-grade ore. These enterprises choose to import low-grade ores from the Philippines and Indonesia in Southeast Asia. In addition, Brazil and Australia also supply some low-grade minerals

according to customs statistics, China imports laterite nickel ore from the Philippines, 16million tons in 2009 (among them, the Philippines has 15million tons, up to 48million tons in 2011. Xuxiangchun said that most of these lateritic nickel ores are used for iron making, and they are low-grade ores, containing more than 40% of iron.

Brazil and Australia have also exported a large number of low-grade iron ores to China, and the specific figures cannot be estimated.

majianming, a senior expert of the information center of the Ministry of land and resources, said that in the future, with the easing of the contradiction between supply and demand of iron ore in the international market and China's economy The growth slows down, the growth rate of China's steel output declines, and the international iron ore price will further decline, which is expected to fall by 10% in the next three years

with the further decline of ore prices, xuxiangchun believes that the import quantity of low-grade ores will decrease

the port inventory of imported iron ore has continued to decline in more than a month. From the perspective of import sources, the number of Metro ore from major sources still fell in an all-round way last Wednesday. Among them, the iron ore from Australia decreased by 1.4 million tons compared with the previous week, and the decline continued to take the lead; Iron ore from Brazil decreased by 240000 tons compared with the previous week; Iron ore from India decreased by 30000 tons compared with the previous week. Last week, the total inventory of Brazil, India and Australia was 56.54 million tons, accounting for 74.52% of the total port inventory, falling for the third consecutive week

"China's steel spot" analysis shows that last week, due to the joint effect of the capital market, steel mill procurement and port inventory reduction, both the foreign mining period and spot reached a new high in recent five months, and the Platts index rose to $127.75

in the rising market, the steel mills are also more active in taking goods, the port transactions are gradually in large volume, and the transactions on the two platforms are also beginning to be hot

from Beijing International Mining Rights Exchange (hereinafter referred to as "beikuangshui") It was learned that last week, there were 4 transactions on China's iron ore spot trading platform, and the trading activity increased significantly

it doesn't work at all. From December 10 to 14, the platform made 27 declarations in total, with a total amount of 2.179 million tons. Four transactions totaled 437000 tons. Three transactions were in the international transit a sector and one transaction was in the domestic port D sector. The transaction varieties were all mainstream varieties in the market. The transaction prices rose day by day, and the market trend rose steadily

the traded varieties are international transit a Australia Pb powder, with a price of $125/dry ton and a quantity of 165000 tons. The shipment date is January 2013; A Australia Pb powder in international transit, price: USD 127.5/dry ton, quantity: 165000 tons, shipment date: January, 2013; Cr19.55a Australia 62% powder in international transit, price: USD 117/dry ton, quantity: 90000 tons, shipment date: january2013; Domestic port D Brazil Caracas powder, price 955 yuan/wet ton, quantity 17000 tons, Tianjin port

among them, the karagas powder in domestic port D plate is noteworthy, which is the second spot transaction of ports since the establishment of the platform. Since the construction of the platform, the spot transactions of the port have been relatively quiet on the platform, and the mine is hot. Traders choose to trade port spot goods on the platform, which is an attempt to the sales channel

the spot transaction price of the port can better reflect the real spot price. If the transaction can be normalized, it is of great significance to truly reflect the current iron ore market price level

at the same time, large and medium-sized traders have also actively entered the market. Swiss Steel Union and China national building materials have frequently launched mine bidding. The bidding price of Pb powder has risen all the way, and other varieties have also risen in an all-round way

according to the analysis of Beijing Mining Institute, the central economic work conference has increased the confidence of some businesses in this round of rising market. In addition, near the end of the year, the mine is about to enter a holiday, and the iron ore supply is tightening. The combined effect of the two factors contributed to the hot market last week. With the advent of Christmas and new year's Day holidays, it is expected that the market trading volume will gradually decrease, and the price may continue to the current level after the festival

luoyongjun, deputy general manager of Sinosteel Mining Development Co., Ltd., once said that many companies have put forward plans to expand iron ore production, but when it can be realized is a problem. As long as China's macro-economic situation is good and the demand for iron ore is maintained at a certain level, the iron ore price is not expected to be too bad. It is expected that the iron ore price in the fourth quarter will be higher than that in the third quarter

in the third quarter of this year, the average price of imported iron ore in China was 127.9 US dollars/ton, a decrease of 8.9% compared with the average price in the second quarter. In the first three quarters of this year, the average price of imported iron ore in China was 135.1 US dollars/ton

according to the analysis of "China's steel spot", at present, the mainstream national resources of spot are still relatively tight, the domestic steel market is still in consolidation and operation, and the rise in ore prices is difficult to continue for a long time, which will have a certain impact on the digestion of port inventory. However, considering the cold weather, frequent shipping closures and few ships arriving at the port, combined with the hot trading atmosphere of Mines outside this week, it is expected that the inventory of imported mines will continue to decline next week

however, a person in charge of the iron ore trade department of a state-owned enterprise told that the current round of decline in port inventory was mainly due to the replenishment of inventory by traders and steel mills. There was no significant change in real demand, and there would be no further decline after reaching below 77million tons

Copyright © 2011 JIN SHI