Suppressed demand for iron ore property rise about 50% of steel into the air – the property market regulation, iron ore, quarterly price – building materials industry
This year in April, the three iron ore giants and Japan, Han Dacheng quarter of pricing agreement, 62% of the grade of iron ore FOB price of 110 U.S. dollars / ton. As the negotiations between China and the Big Three in fact break down, China Steel Enterprises have swallowed their anger to accept this price.
Blink of an eye, two months have passed since the second quarter, according to quarterly pricing model, the new quarter of the price negotiations will end in five starts. Recently, Australian media reported, Rio Tinto, BHP Billiton and Vale Big Three have been proposed to offer third-quarter iron ore increased to around 160 U.S. dollars per ton, compared with the previous quarter, prices rose almost 50%.
However, since the country in April to implement strict control policy in real estate has been on Steel Pressure caused by market demand, iron ore spot price in April from a peak of 190 U.S. dollars / ton (refer to CIF), down to 165 U.S. dollars / ton, and a further downward trend. Professionals that are down to 160 dollars in the CIF / t case, 50% of the Big Three prices move, afraid that it would Nankeyimeng the.
Strong international market demand, prices of the Big Three and then the proposed
5 17, foreign media reported that Rio Tinto, CVRD, BHP Billiton expects to 5 at the end of the Big Three began a new round of price negotiations, will offer third quarter increased to 160 U.S. dollars / ton. The offer is based on average spot month 3-5 prices. Of a ripple, just cool down less than a month, this sensitive topic ore attention by the market again.
Previous by the end of March early April, the Big Three and the Japanese and Korean companies quarterly pricing agreement was reached after a long co-price model and complete end. In accordance with the quarterly pricing model, the price of iron ore in the third quarter, will be determined in June, but the negotiations will be to start from the end of May. Jia, chief market analyst
MYSTEEL good group told reporters that the reason the Big Three raised prices at this time to move, the key for two reasons, one 3,4,5-month high spot prices, and second, the market for iron ore The high demand. "Global steel companies are now in full capacity production, Europe, the United States, Japan, South Korea's capacity utilization reached 80%, respectively, 75%, 90% and 100%. Market demand play a role."
In addition, to promote the iron ore price rise is another important factor is that India, Australia iron ore export tax between the two countries have adopted the New Deal. India in April announced iron ore lump ore export duty from 10% to 15%; while Australian Prime Minister Kevin Rudd said on May 2, 2012, the Australian government plans to begin mining companies to collect 40% of the "resource Lease Tax "to cover pensions, infrastructure, support small business development. Increase in tariffs and collection of resources
rental tax ", India and Australia, the cost of mining enterprises will shift to the lower reaches, which have an impact on imported iron ore prices. Regulation of China's property market pressure
Steel , Iron ore prices drop China is now the world's largest iron ore buyer, 65% of global iron ore trade, have gone to China. Therefore, the rigidity of demand from China is soaring iron ore prices had supported the fundamental factors. However, the Chinese government in April launched on the market since the strict control policies, may make the prices of the Big Three move difficult.
Statistics show that China's production of steel, 49.5% for Building Industry, 18% for the machinery industry, Car Home Appliances Such amount is less than 6%. Thus, the real estate industry trends on the steel demand and steel prices have important significance first.
Affected by the regulation of the property market, the Chinese steel market in May, it has been whipped up an atmosphere of decreasing prices.
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