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To early August has been a continuous decline of domestic steel market, according to the famous steel spot trading platform?? West route of the new monitoring data, this index is 3,470 yuan West / ton, compared with early in August fell 1,130 yuan / ton; year Hot-rolled coil , Cold-rolled sheet, profiles and other related varieties of steel prices have also decreased significantly. Affected by drag, Iron ore price Also declined. According to monitoring data show that the new route, the market price of fine iron powder 66% in Liaoning Province in the 660 yuan / ton, 66% Powdered Iron Tangshan price 580 yuan / ton, 64% Powdered Iron prices in Shanxi Province at 540 yuan / ton, 65% Powdered Iron Shandong price 880 yuan / ton, 64% Powdered Iron Anhui region price 760 yuan / ton, the National Iron ore Significant prices fell. Then, later, how will the price of iron ore? A domestic iron ore demand will remain weak Weak iron ore price trend, mainly due to weak demand Centre at. Although the domestic steel prices are close to the wave of the bottom of the price, the market has steadied the signs, but this does not mean that the steel market has warmed up. Although iron ore prices have been low, but the steel mills to buy limited quantities, and continue down the purchase price of the behavior continues. Such as from September 7, the new procurement Fushun Special Steel will Powdered Iron base price reduced from 10 to 660 yuan / ton; starting from September 4, Powdered Iron and Steel will be the purchase price by 50 yuan / ton, adjusted the implementation of 720 yuan / ton. Iron ore prices led to weak. In the case of weak steel market, steel and further down the purchase price will not stop the behavior, while under the impact of weak steel market, steel significantly reduced profit margins, the recent mill shutdowns were significantly increased. Such as Shougang, sunshine, through steel, Over steel , Water Steel , Shao steel long products production line has been discontinued or will be discontinued maintenance repair; and the rule of the plate spring, Anshan, Xingtai Delong Steel, Ji Jian-Long Lin steel flat sheet production line is also about the shutdowns. Second, resource supply remains high 7 year Taiwan mine output of 76.87 million tons of iron ore, up by 15.3%, iron ore imports in July reached a new high 58.08 million tons, up by 31.7%, from the data, the domestic iron ore resources for the situation remains too loose. But August has been a general lowering of the purchase price of steel demand slowing, the enthusiasm of mine production will be reduced, the supply of domestic resources will not be significantly increased. Inventory of view from the port, it is known, port iron ore stocks remain high, 4 September statistics iron ore inventories in major ports reached 76.6 million tons, compared with August's 73 million tons over the same period, increasing 330 million, an increase of 4.5%. At present, some large and medium steel mills own more stocks, the port is still very small spot ore procurement. 3, imported iron ore prices continue to fall Tianjin port currently 63.5% powder ore market price in India is 670-680 yuan / ton, 62% of Australian iron ore fines market price for the 670-680 yuan / ton, down from last week end of 40 yuan / ton, 65% of Brazilian iron ore fines market price of 700-710 yuan / ton, down from last week end of 30 yuan / ton. Outer disk, the import of mineral Price continue to fall, 63.5% Indian iron ore fines latest offer for the outer disk 80-81 USD / tonne (CIF price), down 3 from last week end of U.S. dollars / ton. Although the outer disks are more quote the highest price in mid-August fell more than 30 U.S. dollars / ton (CIF price), but the market turnover remains thin. 4, iron ore sea freight rates continued to fall 8 , the international iron ore sea freight to keep vibration down trend, as of September 8 Brazil to China route freight 28.388 U.S. dollars, down 7.341 U.S. dollars higher than early in August, down 20.55%; Australia to China, sea freight 10.414 U.S. dollars, down 3.068 U.S. dollars early in August, down 22.8%. As the price of iron ore continued to fall and slowing demand in China is expected tumbled sea freight movements will continue. The e-commerce company in China offers quality products such as Work Bench Manufacturer , China Work Bench, and more. For more , please visit Roller Cabinet today!
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