Since September, the iron ore import prices down into space in October, but also encounter "crash" market and losing support import price fell 30%, ore year fell to $129 / ton, creating nearly 15 months since low, accumulative total fell $50 / tons.

But recent trading day, futures daily reporter discovery, the continuing decline of iron ore prices appear warmer signs. Data shows yesterday, and 63.5% of India's powder grinding has by us $129 / mt rise to $134 per ton, 66% of Australian iron ore price of pink of a PB is raised $3 per ton trading day, rose to 127-$129 / ton.

Steel mills money tight unable to purchase

For the entrance mine after a small price slump of picking up, chuanwei group big trade department general manager Yang can loyal says, this is just a drop of sexual rebound after repair, import ore prices are still in oscillation stage, and no direction of rotation.

"The steel funds under a lot of pressure, this round of steel price decline have many private steel mills every tons of loss 300 yuan to 500 yuan." Yang can loyal to tell a reporter, in the background of monetary contraction, steel financing cost is high, in order to maintain the normal flow, steel mills will reduce iron ore purchasing, even if the ore price falls, the steel mills will not a large store up goods.

Analysts said ZhuTong iron ore, steel prices by, the effects of the recent overhaul, steel production started to increase, late October of crude steel production is 1.717 million tons, the ten-day annulus comparing fell 4.6%. But on the whole, at present the will of the blast furnace steel maintenance is not strong, tangshan blast furnace for 85% starts. He has revealed, steel mill did not appear to stop purchasing the phenomenon of iron ore, but in the purchase quantity more cautiously, only lasts half a month to a month of production needs.

According to reporter understanding, all 11-December this is steel mill "rush hour, usually had winter" in large quantities, but because this year common ore sent money, although not a few steel mills have copied the will of the purchase, but due to the shortage of funds, the consumption of purchased only high inventories, maintain normal procurement.

According to the reporter understands, at present for 94.85 million tons of iron ore import inventory, the l/c pledge loan phenomenon in iron ore traders in common. Industry insiders has revealed that a lot of iron ore traders in the higher prices for goods store, along with the coming of the reimbursement bank, do not eliminate traders low debt collection of goods may be thrown.

 



Other News:
Tapered roller bearings and water pump shaft bearing install
The shortage of capital imports ore price pick up continue difficult
INA bearing parts in heat treatment process oxidizing medium heat
Steel trading downturn has it ＂T-mall＂
Rolling bearing parts production characteristics
What is SKF electrical erosion and prevention method
The installation of the cone bearing hole
How to use rolling bearing