According to the latest statistics, Customs may, China's steel exports continue to rise and close to 500 million tons, imports continue to decline, while iron ore imports two consecutive monthly declines.
Data show that China's exports of steel products in 5 494 million tonnes, representing an increase of 63 million in April, compared with the same period last year 265.93%. 1-5-month cumulative exports 1796 million tons, an increase of 127.3%.
Although steel exports increased iron ore imports continue to decline. 5 months, China's imports of iron ore 5190 tons, compared to the previous month decreased 343 million tons, for two consecutive months loop than declining. Over the same period last year also fallen 2.92%. 1-5-month cumulative imports 26217 million tons, an increase of 8.4%.
Industry insiders said the iron ore imports decline than the Central and Westborough and rapidly during the fall of price mine have important links. Since April the cash deposit price climbed to nearly 200 us $/ton of vertex, beyond the scope of the steel factory bear, the vast majority of steel plant will stop purchasing, inventory and digestion. Enter the 5-month, bleak, ore and steel market prices fell continuously, with the "buy rose not buy" mentality of the steel mill is still chose to wait and see, traders did not dare enter the market. In addition, in may, China is still on the low-grade ore import restrictions and, therefore, ore imports continue downward trend. "This is the market's not normal ore price of a normal performance. "A steel enterprises in the northeast of ore procurement official said.
No comments:
Post a Comment