According to the Customs and export release, monitoring and early warning reports more than 200 companies in the first half of the imports of iron ore record, this data is published by the China iron and steel company with qualification of 112 enterprises more than 92, this caused confusion in the industry.
The import and export monitoring and early warning reports that the recent abolition of export refunds in China, improving access for the threshold number of macroeconomic adjustment policies involving steel industry, the iron and steel enterprises "structure" pace, while iron sand gradually entered the era of "financialization".
The first half of this year, China's imports of iron ore 3.1 billion tons, worth $ 343.9 billion, a growth of 4.1% respectively and 52.6 per cent, and imports the average price per tonne 111.2 u.s. dollars, up 46.5%.
Import enterprise whether several?
According to customs statistics, in January of this year, China's iron ore imports an average price rise of consecutive month by month is rendered. Which, following the March import average price of $ 100 per ton of breakthrough, 4-6 month average Chinese iron ore import prices and continuous rise to 6 month reached USD per ton 139.8, invasive since October 2008 monthly imports the highest average price, rose 1.1 times.
In particular, the customs import enterprises announced more than 200 companies, top 20-bit Enterprise import concentration. The first half of this year, China has iron ore imports recorded a total of 204 enterprises over the same period last year, a net increase of 9. Where imports top 20-bit Enterprise total imports of iron ore 1.6 million tons, accounting for over China's iron ore imports total 51.5%, the proportion is increased by 4 percentage points.
According to the China iron and steel has been published with the iron ore import qualified enterprise 112, of which 70 are the iron and steel enterprises of trade company. China Chamber of Commerce in China Minmetals, from the early last year to now also committed to regulating iron ore import qualified, reduce of importers.
Customs import enterprises announced than China published 112 home even more out of 92, the Office of the reporter interviewed several people in the industry, have indicated that they could not explain why. My net an experienced person to the Office of the reporter said that there is a problem. Is most likely that the customs do not strictly enforce the licensing system, in addition can also include the China iron and minerals Association more than 112 licence cannot explain it clearly. China yesterday refused to answer a reporter of the questions raised.
Iron ore deposit is still high at Hong Kong
As of August 11, grade 63.5% India ore prices have reached 152 USD/ton, prices in 1 months of sustained and rapid rise. As of last weekend, domestic major 19 port iron ore stocks up to 79 million tons, is still in the historical high. The surface of iron ore in the port did not reduce inventory levels, ironstone rise not actual demand-driven, there is some speculation for hoarding.
China United metal mesh iron ore analyst Hu Kay on the Office of the Chinese reporters that last month was a part of the supplementary inventory of steel plant, the entire inventory increased, traders are imported, in turn, contribute to price increases. But the present continuous high inventory description, rather than the actual demand and prices rise so fast. 7900 ton inventory levels are too high, generally maintained at 70 million tons are normal inventory.
In the early warning report for the General publication, in particular the iron ore market worrying situation. The third quarter of the price of iron ore a long-term agreement to continue to rise, iron and steel enterprises in difficulty. "Quarter pricing — iron ore index — iron ore swaps" financial chain is taking shape, price fluctuations of uncertainty will increase. This year, three mines and spot market highly associated quarterly and monthly pricing gradually break might promote mental line of Defense, and gradually moving towards a mine "financialization".
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