Tons of imported iron ore price slump speculators pay was "tears ran."

would like to take the original hoard goods in this year's "golden nine silver ten" in cash in the iron ore traders are wrong. Import prices fell in front of mine, in steel prices can be obtained by international mining companies to discuss the "let go", but the domestic mining companies is not so lucky. It is understood that due to the high price of imported ore led perimeter displays the goods in the face ore prices fell sharply, to purchase some stock-based iron ore traders present, most domestic Yahuo or losing business.
crash caused the collapse of part of the imported ore traders
"Now mine drop in price so much, we lose fast cry." October 18, the North engaged in iron ore stone trade, corporate purchasing department of Zhang (not his real name) said to the author.
I understand that, because when the led rental screens
post-ore price trend, where the company was Zhang soon after breath store thousands of tons of goods, "goods at a store in Tangshan Port, the original thinking of his with part of the other steel mills to sell. "
" At the time, imported ore market has fallen, but the situation may be improved later thought, think it should have room for maneuver. "Zhang recalled that It is in its stockpile of iron ore price of $ 190 or so tons of time.
analyst said that since the end of the year pricing model, the more short-term iron ore price contracts created frequent price fluctuations, the same spot ore prices move in the wind, and iron ore suppliers Some international speculators and foreign media, it is frequently made ore price rise of public opinion, prompting some traders to take risks when the price highs.
proved, followed by iron ore price volatility does not allow the "adventurers" to do so. Data show that imports of iron ore was in the February 18, the highest point reached during the year, 63.5% Indian ore FOB about 180 U.S. dollars / ton, equivalent to CIF is 196 U.S. dollars / ton, then from July this year, iron ore prices have been rising, but never beyond the previous peak.
Today, the overall supply and demand affected by the recent bad market, traders will lose the high stockpile signs are everywhere. I have to reflect the iron ore traders said, as long as the high price of store goods, now is not easy.
data, entered in September, showing ore imports plummet. As of press time author, 63.5% Indian ore CIF price has dropped to $ 165 / ton, and now the decline is still unabated.
spot price volatility
attempt to focus on China's steel natural human hair in the fourth quarter contract price, but to international mining companies active compromise has ended.
10 18, Vale has been identified with Chinese steel mills for the fourth quarter ore price adjustment. Currently proposed as the first specific adjustment programs in October can be the first delivery of steel in accordance with September 30 as the Platts price delivery price index, letter of credit from banks. In the fourth quarter after the two sides settled in accordance with the season average led perimeter displays index. It is reported that the program will follow-up letter was recently sent one after another.
analyst said, "Compared with steel, mining companies or the spot to take mine, must bear the risk of price fluctuations, after all, the spot price volatility than the much larger fluctuations in mineral agreements."
It is reported that the domestic steel market situation is still bad, ore demand will diminish. The data provided by United Steel, iron ore port stocks recently has remained high. According to statistics, 34 domestic ports, iron ore stocks at record high of 98.8 million tons, and many ports have different degrees of pressure port. (This article Source: travel bag)