Hits:12712015-10-10 09:01:06
Liaocheng tianrui DIN seamless steel tube production sales weaker than expected, at the same time of supply pressure is bigger, but a sharp drop in demand.The author put the demand for iron ore is divided into two parts: the part is demand directly, mainly is the seamless steel tube production demand for iron ore.This year China's crude steel production growth in 0-4%, pig iron production growth is near zero, black metal smelting power consumption growth of 2% on average, compared with 10% of the iron ore supply is low.In industry and is driven by demand and financing needs of import iron ore port stocks remain high it is hard to fall, after the Spring Festival so far this year to import iron ore port stocks are maintained over 100 million tons.Facing larger selling pressure above high inventories for iron ore.
In October 2013 after loosening the iron ore import qualified in China, under the seamless steel tube industry chain funds tension, more enterprises increase iron ore imports to financing, financing as a new financing industry chain enterprises.Driven by the interests of financing, China's iron ore imports to maintain high, average monthly growth rate to stay above 10%.Plus there are still a small profit, spot iron ore imports of iron ore import large quantities of iron ore prices will continue to form.Iron ore supply pressure.Iron ore supply pressure is mainly from three aspects: on the one hand, is more Australian shipments.Beginning in the second quarter of 2013, the amount of Australian mining shipments especially to China increased dramatically, from previous average every week 600-7 million tons up to now, 1300-14 million tons, increase nearly doubled.The northern port a week before the arrival of the goods quantity by 600-7 million tons to 11 million tons, increased by nearly 60%.Foreign mainstream mines is to increase the supply of domestic iron ore prices one of the reasons for the weak.Commodity Exchange futures three iron ore reached a drop stop, Wednesday fell sharply again;Platts spot index on Tuesday in the annual biggest drop to around $71;The northern port spot prices continued to fall;Iron ore prices weak.The author for iron ore price continues to not look good.http://www.lctrgg.com
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