When the price of iron ore is still strong, when outside the mine insisted that the expansion is still optimistic about the Chinese demand for iron ore, the domestic steel market, a market slump can not see the bottom of the crazy fall, this tension plus panic state finally conducted to the The iron ore market. So the price of outside the mine is finally unable to go port inventory accumulation gradually nobody cares about the price of iron ore began to loosen.
 
Panic mentality has been cast, the rapid decline of imported iron ore, the decline in large, down the speed of the emergency record during the year is not surprising. The data show that China's iron ore spot prices Tuesday fell to 123.60 U.S. dollars / ton, a record eight months low.
 
The traders said that the short term, to see signs of less than growth in demand for iron ore is expected that prices will fall further.
 
Since ancient times, fortune or misfortune to dependency. Misfortune blessing of the Forest, would like to rely on strong demand for iron and steel industry in China in the original iron ore depends on China's high dependence on imports of iron ore, increasingly overstating iron ore prices, pricing models from the annual to quarterly pricing to monthly pricing step by step higher and higher prices of iron ore imports, imports of iron ore last year the highest price is $ 190 / t, once the domestic steel mills to profit no deposit.
 
This year by the pressure of the domestic economic downturn, China's steel industry has experienced an unprecedented crisis, the downstream steel demand delays the release of steel high output remains the same, the intensification of the contradiction between supply and demand resulting in steel prices decline continually continuation, and could not see the bottom. While the plight of the downstream steel industry is bound to affect the upstream iron ore prices, so iron ore prices dropped back to the level of the first half of last year.
 
The analysts believe the weakness in the steel city can not be adjourned for the iron ore scenery of iron ore or wave drop the course. The data show that as of July 23, the China ports iron ore stocks at 98.48 million tons, Pericyclic than 220,000 tons. China imported grade of 63.5% iron ore price index is 128, down 9 units; 58% grade iron ore price index was 109, down 7 units. Few port spot market inquiry, basic steel to digest the inventory-based, basically stopped buying, the market turnover is extremely lonely, to the iron ore port stocks continue to backlog. Port inventory higher and higher, only exacerbated the panic of the iron ore trader in iron ore prices, or will continue to fall.
 
The face of the domestic steel market, the major mainstream varieties prices continue down the bottom, steel mills began to reflect on if he continue to maintain production, the intensification of the contradiction between supply and demand, prompting steel mills have to face the pressure of production, market analysts predicted that steel plants do not cut fear facing discontinued. At the moment, iron ore prices lower, with steel mills would not easily make up the library, "to buy up not to buy or steel to maintain a wait-and-see attitude, thereby fueling the panic of the iron ore traders, low-cost Paohuo the heart even more.
 
In addition, foreign mining companies in the downturn in demand from China is still choose to continue to expand capacity, the latest news that the 2012.



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