After the Spring Festival, along with the port's iron ore spot prices continue to rise, the second quarter of the expected contract price increases gradually strong. / t (fob). If the average in China in accordance with Australian sea freight $ 7 / ton, CIF ore will reach 175 U.S. dollars / ton.
My steel mesh, said Xu Xiangchun, director of information, it is worth noting that in the second quarter reflects the high price of ore to the steel costs will gradually, if downstream demand than expected, rising to a lack of space means that steel prices, steel cost pressures on the very large .
This reporter learned that the British According to this information to determine prices.
It is understood, CVRD and Rio Tinto's offer in the second quarter until March to see the outcome of this year. By convention, the second quarter will offer in December last year, the index in February this year the average price of a decision. According to ratio of nearly 30 U.S. dollars, which means the second quarter, will offer a substantial increase.
The source told reporters, out of consideration of cost control, procurement of steel in the first quarter did not spot ore imports market, mainly in mineral-based protocol to supplement the domestic part of its own ore and ore. Speculation due to the current iron ore human factors greatly increase the likelihood of price volatility later, in order to prevent risks, steel mills in the second quarter will be
It is understood that since the end of last year, traders have a lot of anticipation of a strong bullish hoarding ore. According to statistics released by General Administration of Customs, January 2011, China imported 68.97 million tons of iron ore, an increase of 47.94%, growth of 18%, a record high. In addition, subject to market prices is expected to push the spot price of iron ore ports in the fourth quarter of last year, started from the record high, 63.5% grade iron ore fines outside the disk of India quoted in the 193-195 U.S. dollars / dry ton.
In order to divert the pressure of rising costs, steel mills have started years after the price adjustment action. Wuhan Steel shares issued under the price adjustment file 14, the main varieties of Wuhan Iron and Steel increases in the range of 200-400 yuan / ton. One wire 200-330 yuan / ton, hot-rolled 200-400 yuan / ton, cold-rolled 100-300 yuan / ton, zinc 200-350 yuan / ton. Expected, Baosteel will rise 300 yuan / ton.
A steel mill said that the current rise in the downstream steel industry still has some ability to digest, but this digestion is difficult to say how long that may be known until the end of March.
Xu Xiangchun said, from the current situation, on the one hand, due to the current steel prices in the use of lower pre-purchase of iron ore, the cost pressure has not been reflected; the other hand, downstream industries to replenish stocks and go full steam ahead production period, the demand is relatively strong, with the current steel prices, steel mills and some surplus. the lack of room to rise with steel, that steel cost pressures is very large, even a loss.
Xu Xiangchun that have been artificially pushed up prices of iron ore, has been at historically high range, the existence in the international mineral supply and demand pattern reversal of the expected background, the ore price increased far more than the possibility of lower steel prices. According to his judge, iron ore during the year fell to $ 150 is very high.
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