“No matter how the market demand changes, and whether or not there is volume, the iron ore price in the port can still remain 'firm'.†A trader in Tianjin Port said on the phone. The trader told the Economic Information Daily that such a quote seems to have lost its original meaning.
This trader, like many traders, does not quote, and if there is a willingness of the steel mill to bid, it can be done and it will be sold. But most customers still choose to wait and see. In fact, iron ore prices were unaffected after the national production restriction policy swept through several provinces in the country, leading to a decline in crude steel production nationwide. According to the statistics of the joint metal network, the price of the 63.5 printing powder outside the plate has been maintained at the high level of 158 US dollars to 160 US dollars per dry ton in the past week.
“The price of iron ore remains at a high level, and the most beneficial ones should be the three major mines.†Xu Guangjian, an analyst at Union Metals Ore Channel, said in an interview with the Economic Information Daily that he expects that if there is no policy, Big changes, iron ore prices are likely to rise in December. And this is exactly the three major mines trying to raise market expectations and prepare for the price increase of ore next year.
Ore prices are firm but the turnover is low
“In the early September, due to the impact of energy conservation and emission reduction, the steel mill judged that the ore may fall. Therefore, the steel mill did not pick up the goods for some time, but the price of this round of energy-saving and emission-reducing ore did not fall, but instead went up, so part of the steel The factory began to replenish stocks, and the steel price stabilized and rebounded, and finally the market was fired.†The head of a state-owned steel enterprise raw material procurement department in North China said in an interview with the Economic Information Daily.
He told reporters that although the situation has eased, this time just happened to catch up with the local rainy season. At present, the loading situation on the west coast of Australia is not very good, which leads to less arrival of Australian mine resources, thus raising iron ore. Stone outer plate price. It is understood that the Indian mine situation is not optimistic, according to data released by the Indian Ministry of Trade last Wednesday, India's iron ore exports in September fell to 3.03 million tons, the largest decline since October 2008, and the export volume is The lowest since April 2007. "After the price has rushed to 160 US dollars, no one is willing to take over." Xu Guangjian told reporters. With the introduction of the central bank's interest rate policy, it has further suppressed the enthusiasm of steel mills' purchases, which has also aggravated the panic of businesses. It is worth noting that the current iron ore quotation and spot price are already higher than the fourth quarter ore agreement price determined by the three major mines.
In the maritime market, the Baltic Dry Index rose by 0.77% or 21 points to 2,748 points on Monday, rising for the second consecutive trading day. On the 26th, the freight rate from Tubarão to Qingdao in Brazil was US$31.531/ton; the freight rate from Western Australia to Qingdao was US$12.100/ton.
Steel or usher in the second "limited production tide"
The “limited production tide†that was scraped in the early stage is still going on. “In the near future, Hebei once again called a steel enterprise meeting, and the second round of limited production and power cuts will start again.†A private steel mill owner in Tangshan, Hebei Province told the Economic Information Daily.
According to sources, many steel mills in Tangshan, Hebei Province have received notices, mainly concentrated in Qian'an area, including Xinda, Jianyuan, Rongxin, Delong and Dingxin.
The reporter learned that after the National Day holiday, Shandong, Henan and Anhui provinces and other provinces have successively passed out the restrictions on electricity production. Some steel mills in Jinan, Shandong Province have stopped production for 7 days every month since October 15, and have stopped production for 20 days in three months. The reduction in production is generally 30%, and individual sales are 50%. According to the investigation of the joint metal network, the steel mills in Henan have received 45% notice that the local leading steel mill Anyang Iron and Steel has stopped production of two 400 cubic meters blast furnaces. “This also exacerbates the pessimistic expectations of the iron ore market.†Xu Guangjian said that the second signal of limited production may change the steel output, which in turn affects the demand and price of ore.
In response to the current steel market situation, Luo Bingsheng judged at the China Steel Raw Fuel Market Summit Forum that the steel output in the fourth quarter will not rise sharply. Affected by the policy environment and economy, in the case of poor steel sales, compared with last year, the decline in iron ore imports this year is a foregone conclusion.
Or become the top three mines next year to increase the price of chips
In an interview with the Economic Information Daily, Xu Guangjian said that the ore price can still remain high in the case of a sharp decline in market demand. On the one hand, the reason is that China's steel output is still at a high level, and there is still a great demand for ore in the ore. On the other hand, the three major mines have a high monopoly in the ore market, which can increase the price of ore by adjusting the supply and pulling the sea freight. He said that as far as the current situation is concerned, the three major mines have already lowered the price of ore in the fourth quarter, and it is necessary to "compensate for the price of the first quarter of next year." At present, the spot index price is firm, and it is the three major mines that are trying to raise market expectations and prepare for the price increase of ore next year. He predicted that from the perspective of overall demand, if there is no major change in policy, iron ore prices may rise in December.
The battle for the ore pricing model seems to be still in the game. It is understood that BHP Billiton is eager to promote the evolution of pricing methods from the current index pricing to full spot pricing to futures prices. Rio Tinto’s attitude is more “moderateâ€, not to look at other companies’ pricing and follow-up attitude. Brazil's Vale is inclined to maintain its current index pricing model. But one thing is certain, despite the differences in attitudes, the three major mines are unified on the fundamental issue, that is, raising prices and obtaining high profits.
Water Treatment Chemicals
Water Treatment Chemicals,Anhydrous Sodium Sulfite,Sodium Sulfite Anhydrous
Chemical Reagent Co., Ltd. , http://www.nschemicalreagent.com