The hottest iron ore may be recalled in the fourth

2022-08-01
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Iron ore may be recalled to China's steel enterprises in the fourth quarter, but the negotiation is still unsolved.

iron ore may be recalled to China's steel enterprises in the fourth quarter, but the negotiation is still unsolved.

China Construction Machinery Information

Guide: the data shows that on August 23, 62% of Australia's fine ore quotation was US $158 (FOB). As of August 25, the prices in Australia and Brazil had remained stable in the foreign mine quotations, while the prices in India had dropped slightly. In the morning, I heard from a friend who is an iron ore supplier that the Australian ore supplier has turned

the data shows that on August 23, how much pulling force does Australian plastic need? The price of 62% fine ore in Leah is US $158 (FOB). As of August 25, the prices in Australia and Brazil had remained stable in the foreign mine quotations, while the prices in India had dropped slightly

"I heard from my iron ore friends this morning that the Australian ore suppliers had lowered the transaction index by 25%." On August 25, a person from a steel enterprise in Hebei told me

according to foreign media reports, did you know about the loading of mine, the Brazilian iron ore supplier? Well, according to racaoemetalicossa officials, the iron ore price in the fourth quarter may fall by 8% on the basis of the third quarter, "but it may be higher than that in the second quarter. In the second quarter of this year, the short-term agreed supply price of iron ore basically remained at $112/ton, and rose to about $144/ton in the third quarter."

at present, steel mills and ports have sufficient iron ore inventory, which will lead to the reduction of spot market procurement activities. Luqingyu, an analyst of China's iron and steel industry, said in an interview that according to the current quarterly pricing mechanism and the situation of the futures market, the current round of iron ore price rise will end, and the pricing base in the fourth quarter is a downward trend

recently, Rio Tinto CEO AI Bonian was interviewed by relevant domestic media for the first time. He said that "the improvement of the relationship with Chinese customers has been put in a prominent position, and the subsequent molding operations have put forward strict requirements for the completeness of preforms and molds". At the same time, he put forward the prediction of China's demand for the first time

dongjunhao, an analyst, said that in the past, domestic steel enterprises did not officially accept the agreed prices in the second and third quarters. Even if the prices fell in the fourth quarter, the significance of the negotiations has actually disappeared in name. "At present, the import prices are based on the prices of Japan and South Korea, but the quarterly mine prices negotiated between Japan and South Korea are based on the spot mine prices of China."

dongjunhao believes that the price decline will reduce the procurement cost of steel mills in the later stage, but the data processing is that "in the absence of an effective ore negotiation mechanism recognized by the Chinese side, the procurement implementation of steel mills may still be chaotic"

it is learned that at present, the ore price in the market is divided into three ways: quarterly price in Japan and South Korea, month end price and shipment price. But for steel mills, a long-term pricing principle can ensure the continuity of production and the stability of quality

the three mines seem to be more free to Chinese steel enterprises. "In the past, we used to talk with China first, and then with Japan and South Korea. Now there is no need for foreign countries to negotiate with China. They break through each other." The above steel enterprises said

according to the analysis of analyst zhuxi'an, if the steel price does not fall continuously as in the first half of the year, it will be difficult for China to take the initiative in the ore price negotiation in the fourth quarter. "It is difficult to change the supply-demand relationship of iron ore in the short term. We can only put pressure on miners by falling steel prices and reducing steel mills' production."

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