The hottest small mine snatched iron ore from the

2022-08-16
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Small mines snatch iron ore from the three major mines for the first time

small mines snatch iron ore from the three major mines for the first time

China Construction machinery information

Guide: after iron ore becomes a quarterly price, or even a spot price, the profit margin of importing iron ore from the three major mines is very small. The price elasticity of imports from other countries is greater. The senior management of an iron ore trading company in Tianjin said in an interview with this newspaper yesterday. Although vale, Rio Tinto, BHP Billiton

"after the iron ore becomes the quarterly price or even the spot price, the profit margin of importing iron ore from the three major mines is very small. While importing from other countries, the price elasticity is greater." The senior management of an iron ore trading company in Tianjin said in an interview with this newspaper yesterday

although vale, Rio Tinto and BHP Billiton, the three major international iron ore giants, have maintained an arrogant posture in the past few years, they now have to face up to the competitors of Iran, Peru and other countries - just last year, these small mines began to seize the three major mines on a large scale, which has been effective in ensuring the stable operation of process conditions in the Chinese market for many years

this is not the biggest threat. In fact, the first thing that the three major mines must face directly is the decline of China's dependence on imported minerals. The data released by the General Administration of Customs yesterday showed that China imported 6. 5% of iron ore in 2010 Zhongwang can provide 1.9 billion tons of services ranging from car shape design, material structure design, aluminum body production line design, simulation analysis, sample car output, a year-on-year decrease of 1.4%. This is the first year-on-year decline in China's imported iron ore since 1998 when the dynamometer shows that it is close to the required load

what makes the three major mines nervous is that while the overall decline of imported ores, the number of iron ore exports from Peru, Venezuela and other countries to China has maintained a strong growth

although the Customs has not announced the iron ore import countries of last year, the data of the first 11 months of last year have explained everything

from January to November last year, China imported 6.68 million tons of iron ore from Peru, 4.41 million tons of Venezuelan ore, 128 million tons of Iranian ore, 19% of 6.9 million tons of Indonesian ore, 167% of 1.84 million tons of North Korean ore, 1.72 million tons of Vietnam and 6.1 million tons of Chile ore, an increase of 10% and 17% respectively

this shows that the market share of iron ore in India and Brazil in 2010 is being replaced by enterprises in the above countries

on the eve of the Spring Festival, the situation looks even worse

according to the latest statistics of United metal on January 4, 2011, the total inventory of iron ore in 19 major ports in China reached 79.51 million tons, which has shown a slight increase trend for three consecutive months, with a cumulative increase of 5.3%. Three months ago, that is, at the beginning of October 2010, the total inventory of ports across the country was 75.5 million tons. At present, the iron ore port inventory is basically the same as the historical peak in August 2010, when the inventory was 79.76 million tons

Xu Guangjian said that the average level of port iron ore inventory remained above 74 million tons in 2010 and 67.9 million tons in 2009, indicating that when China's imported iron ore fell year-on-year in 2010, the port inventory level increased by 6.1 million tons, an increase of 8.9%

however, he believes that the decrease in China's iron ore imports is not due to the reduction in China's demand. In fact, China's iron ore demand last year was very strong. Due to the recovery of the European economy and the tight supply in the international market, Vale of Brazil diverted a large part of iron ore to the European market last year

"it is obvious that the volume of iron ore imported from Iran and other countries was more last year. After the iron ore became the quarterly price, or even the spot price, the profit margin of iron ore imported from the three major mines was very small. While imported from other countries, the price elasticity was greater." The senior management of an iron ore trading company in Tianjin said in an interview with this newspaper yesterday

in the past few years, traders have played a very important role in the import of iron ore. due to the existence of long-term association price, reselling ore has become the most profitable way for traders. But now, due to the shrinking profit space, many traders have gradually changed their import strategies

in addition to facing competitors from Iran, Peru and other countries, Chinese domestic iron ore enterprises are also rising rapidly driven by prices. Since the spot price of imported ore was at a historical high in 2010, many import enterprises reduced the purchase volume of imported ore in order to reduce risks and increased the purchase of domestic ore instead

however, the current market still seems to be an unreasonable supply and demand situation

the increase of iron ore market price in 2010 was much higher than that of steel market price. The average increase of steel market price from the beginning of the year to the end of the year was about 20%, while the increase of iron ore market price was as high as 50%

at present, the price of Indian spot iron ore (grade 63.5%) has reached US $177~179/ton, rising for four consecutive months, during which the cumulative increase has reached 22%. Regardless of freight factors, the current FOB price of Indian iron ore (FOB) is US $160/ton, only about US $5/ton from the historical peak

behind the reduction of iron ore imports and high prices, the three major mines still maintain a monopoly situation. Although the imported and domestic mines of Iran and other countries cannot fundamentally compete with the three major mines, the market is gradually changing. The capacity of the three mines has gradually expanded in recent years, which may lead to sales pressure

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