The formation of three major ore giants enter price rise of steel prices League
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From the Tianjin Port and Caofeidian Port, Guangzhou, Hong Kong and other major iron ore transshipment port noted that the current volume of iron ore to the Hong Kong stock dropped significantly, prices have continued to run high. It is understood that the international mining giants to enter in April after three to tighten the delivery strategy to stronger pricing mechanisms to promote the short protocol.
To import iron ore to reduce the situation in Hong Kong also increased the storage in the market atmosphere, and led to the current iron ore spot prices rise further, while Steel Enterprise, forced by cost pressures, have to cope with price increases. Some 30% of spot prices go
As of last Saturday, according to latest statistics of China's major domestic port network port iron ore stocks for a total of 68.01 million tons, 820,000 tons less than last week's statistics. Learned from the Tianjin Port, to Hong Kong in March, after the massive increase in iron ore, recently from Brazil, Australia to Hong Kong by 10% of the ship.
"My steel net" provides the latest data show that on April 17 among China's imports of iron ore offer, 65% grade ore prices have soared in Brazil powder to 182 U.S. dollars / ton, Australia, 62% lump ore up to 185 U.S. dollars / t, while 62% of the fine ore has reached 180 U.S. dollars / ton. Some of the high grade ore import prices rose in mid-March than 30%.
For foreign mining ore spot price of commodities soaring high and the reasons for reluctant sellers, intermediaries, some resulting increase in domestic steel prices iron ore procurement, domestic and international iron ore price difference between the two disappeared. The formation of three major ore giant
pricing Alliance It is reported that, following BHP Billiton, CVRD to short-term agreement, Rio Tinto also announced that negotiations with customers to take iron ore price agreement on the quarter, ore giant three-quarter pricing in the implementation of short-term pricing has been a unified coalition . Tightening of the Big Three has taken delivery of the strategy, the industry expected that the strategy is deliberately made for the China Steel Association, "to resist the three mines," the call of the international iron ore for further bargaining. Currently, the spot market price fluctuations to reduce the risk of iron and steel enterprises to seek iron ore futures and swaps and other forms of hedging losses.
Rise of steel prices into Pressing harder and harder in the iron ore giants under the price increase of domestic steel companies have increased the pressure transfer costs. Guangzhou Iron & Steel Group, an authoritative source yesterday told reporters that many domestic steel prices have been slightly raised prices recently, prices of steel prices in the second quarter trend clearly.
In "My iron and steel" survey results released, more than Semis dealers that beginning this week, the major varieties of prices will continue to rise. Guangzhou Iron and Steel who said that the current iron ore used in steel prices more than half of imports, if the stock digest, spot prices continued to rise, then steel prices have room to rise.
From the Tianjin Port and Caofeidian Port, Guangzhou, Hong Kong and other major iron ore transshipment port noted that the current volume of iron ore to the Hong Kong stock dropped significantly, prices have continued to run high. It is understood that the international mining giants to enter in April after three to tighten the delivery strategy to stronger pricing mechanisms to promote the short protocol.
To import iron ore to reduce the situation in Hong Kong also increased the storage in the market atmosphere, and led to the current iron ore spot prices rise further, while Steel Enterprise, forced by cost pressures, have to cope with price increases. Some 30% of spot prices go
As of last Saturday, according to latest statistics of China's major domestic port network port iron ore stocks for a total of 68.01 million tons, 820,000 tons less than last week's statistics. Learned from the Tianjin Port, to Hong Kong in March, after the massive increase in iron ore, recently from Brazil, Australia to Hong Kong by 10% of the ship.
"My steel net" provides the latest data show that on April 17 among China's imports of iron ore offer, 65% grade ore prices have soared in Brazil powder to 182 U.S. dollars / ton, Australia, 62% lump ore up to 185 U.S. dollars / t, while 62% of the fine ore has reached 180 U.S. dollars / ton. Some of the high grade ore import prices rose in mid-March than 30%.
For foreign mining ore spot price of commodities soaring high and the reasons for reluctant sellers, intermediaries, some resulting increase in domestic steel prices iron ore procurement, domestic and international iron ore price difference between the two disappeared. The formation of three major ore giant
pricing Alliance It is reported that, following BHP Billiton, CVRD to short-term agreement, Rio Tinto also announced that negotiations with customers to take iron ore price agreement on the quarter, ore giant three-quarter pricing in the implementation of short-term pricing has been a unified coalition . Tightening of the Big Three has taken delivery of the strategy, the industry expected that the strategy is deliberately made for the China Steel Association, "to resist the three mines," the call of the international iron ore for further bargaining. Currently, the spot market price fluctuations to reduce the risk of iron and steel enterprises to seek iron ore futures and swaps and other forms of hedging losses.
Rise of steel prices into Pressing harder and harder in the iron ore giants under the price increase of domestic steel companies have increased the pressure transfer costs. Guangzhou Iron & Steel Group, an authoritative source yesterday told reporters that many domestic steel prices have been slightly raised prices recently, prices of steel prices in the second quarter trend clearly.
In "My iron and steel" survey results released, more than Semis dealers that beginning this week, the major varieties of prices will continue to rise. Guangzhou Iron and Steel who said that the current iron ore used in steel prices more than half of imports, if the stock digest, spot prices continued to rise, then steel prices have room to rise.
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