Sea freight is a substantial increase in the cost of imported iron ore in China one of the main. We signed with suppliers of iron ore import prices are FOB, CIF, not its formula is: CIF = FOB price + shipping costs (including transit insurance, etc.). If rising sea freight, even if the fob was up, CIF will be very high. And 2007, we faced exactly this problem. At that time, the international iron ore sea freight surging. The end of 2007, Hong Kong to China, Beilun, Baoshan Harbour freight and even the historical record high price per ton of 96.163 U.S. dollars a year more than doubled on higher. If the time to move back a few years, the international iron ore sea freight has increased by several times. In 2007, China's iron ore import prices rose only 9.5%, iron ore sea freight boom into iron and steel enterprises in China are forced to bear the cost of the pain. In 2007, the Chinese iron ore imports 3.83 million tons, according to the average freight rates up 25 dollars from 2006 / t calculation (actually much higher than this amount), the cost of sea freight has increased 100 billion U.S. dollars! Can say, if not solve the problem of excessively high sea freight of iron ore, iron and steel enterprises in China had no high iron ore giant profits will be shared with the segmentation of the international shipping giant. Currently, sea freight has been in the high level of imports of iron ore CIF price was almost more than the spot price of the domestic market. To some extent, sea freight of iron ore to Chinese steel companies involved in the survival of the question. However, the recent emergence of iron ore sea freight avalanche suddenly plummeted, June 12, to Beilun Port, Baoshan iron ore sea freight to Hong Kong on average 92.500 U.S. dollars / tons, had a trading Japan fell 9.125 U.S. dollars / ton; Australia Western Australia to Beilun Port, Baoshan iron ore sea freight for the Hong Kong average 34.818 U.S. dollars / ton, compared with previous trading day down 11.137 U.S. dollars / ton, both the historical record single-day decline. Sea freight of the crash, a sudden termination of iron ore from Chinese steel pallet charter business, which is shipping market speculation constitutes a hit. Despite the decline in ocean freight come a bit late, but it came after all. This shows that the international speculation is not without weaknesses, China's steel companies are not without passive to active positive selection. The Chinese steel mills iron ore pallets abrupt termination of a charter business, gave up fighting and repeated wins in the speculative speculators a lesson. But we should also recognize that to occupy a greater area in the sea freight initiative, this measure alone is not enough, we must also consider the full range of issues, to find long-term solution. Data show that in recent years, mainly from the increment of global iron ore in China, the Chinese share of global iron ore seaborne shipping increment is about 80% increment. In 2008, the global iron ore shipping capacity is expected to reach 830 million tons, of which the proportion of China's iron ore imports will account for the global iron ore shipping capacity of 50%. China since 2003, became the world's largest iron ore importer, China, however, in the sea but there is no master freight pricing. Three main reasons: First import enterprises scattered, difficult to join forces in 2005, China has imported more than 500 qualified companies, which makes our pricing in the sea should have a strong position had broken down. On the other hand, the basic control of the shipping market in a small number of shipping magnates, they spread the Chinese enterprises should work together, every break, the final pricing continue to strengthen and promote rising sea freight. Second, the proportion of spot import too large proportion of low long-term agreement. Japan's iron ore import enterprises account for the long-term charter agreement up to 70% the proportion of the ratio, leaving little room for speculation speculators, sea freight is relatively stable. The large number of Chinese enterprises are still using the spot Tender Chartered, iron ore shipping capacity long-term contracts account for only about 15% of imported iron ore, coupled with the existence of China's iron ore import imbalance between the month, leaving a lot of opportunity for speculators. Third, the separation of shipping and iron ore imports. I am an expert from printedcircuitassemblies.com, while we provides the quality product, such as multilayer circuit boards Manufacturer , led pcb Manufacturer, gerber pcb,and more.
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