Domestic iron ore highlights the import of iron ore in the buyer's market

Domestic iron ore highlights the buyer's market, importing iron ore consolidation. The reporter learned that in the case of a rebound in steel market prices, steel mills are cautious in purchasing raw materials such as iron ore, and the current import of iron ore market is on the lookout. The atmosphere is strong, the supply and demand sides remain stalemate, and the port inventory rebounds after a continuous decrease. In this regard, a researcher said that the current import of iron ore is still in a situation of oversupply, and the demand of steel mills will not be released in the short term. It is expected that the price of imported iron ore will remain in consolidation in the near future. At the stage, the domestic iron ore market is still in the buyer's market in the short term. Imported mineral inventories are now growing. The domestic mining market is in a wait-and-see atmosphere. Since the fourth quarter of last year, the growth rate of China's steel industry has declined. Entering 2012, the “severe winter” of steel is far from showing signs of fading. Most steel mills are in a loss, and steel mills have been reducing production since the fourth quarter of last year. The continued expansion of the loss of the steel industry has also directly led to the entry of iron ore prices into the downtrend channel. The data shows that from the port inventory statistics, after a small decrease for five consecutive weeks, as of March 9, the domestic port imported mineral inventory was 10.11 million tons, an increase of 1.18 million tons. In addition, the China Steel Association data show that from March 5 to March 9, the average price of domestic iron ore is 997.16 yuan / ton, up 1.08 yuan per ton; the average landed price of imported iron ore is 140.73 US dollars / Tons, the chain fell by 2.60 US dollars per ton, and the price of RMB including tax was 1038.52 yuan / ton, down 17.66 yuan per ton. At the same time, the China Steel Association data also showed that as of the end of February, the country's crude steel output remained below 1.7 million tons for four consecutive months. After a small decline in the price of imported ore, it did not drive the increase in market turnover. "From the current market transactions and statistics, it shows that the demand in the import mine market is relatively low, and the demand for supply exceeds demand, and the demand of steel mills will not be released in the short term. It is expected that in the short term. The import mine market is in a consolidation stage, and the market has a large upward trend of resistance.” Wang Guoqing pointed out. The domestic iron ore market highlights the buyer's market phenomenon. “In recent years, with the rapid development of China's steel industry, iron ore has become an important strategic resource. But from this year, iron ore is basically in a balance between supply and demand, price It is also developing in the direction of the downward channel." Zhu Jimin, the representative of the National People's Congress and chairman of Shougang Corporation, pointed out in the gap between the two sessions. He said that the pace of mine construction in the past few years has also accelerated, and this year the supply and demand relationship has undergone significant changes. In the next few years, there will be a large amount of easing of tight supply. Steel mills are also cautious in purchasing raw materials such as iron ore. Wang Guoqing pointed out: "At present, the phenomenon that the domestic iron ore market is in the buyer's market is quite prominent." He believes that the reason is that the current steel industry control cost is still one of the more important tasks. Secondly, compared with mining manufacturers, steel mills are more flexible in the choice of domestic mines and imported mineral resources, and have greater advantages in multi-channel procurement. Wang Guoqing believes: "The advantages of the later iron and steel enterprises as the dominant player in the iron ore market have further expanded." First, the game between domestic mines and imported mines may ultimately benefit steel mills, and the price of imported mines is relatively low. In the case of the situation, there is a tendency to increase the number of steel mills that increase the ratio of external mines. Secondly, the high inventory of the imported ore market and the slow recovery of the international financial environment have provided favorable conditions for the low-level operation of imported mines. On the whole, the domestic iron ore market is dominated by the buyer's position in the short term, and the overall market consolidation is dominant. As a representative of China's large steel mills, Zhu Jimin also pointed out the problems existing in the current domestic ore. Zhu Jimin believes that in the past few years, iron ore resources in the international market are in short supply and prices are high, mainly because China is developing too fast and the demand is too large. However, this was only a phased shortage. At that time, the construction of mines in China did not keep pace with the development of the national steel industry. China's iron ore resources are very rich. Although these resources are mostly poor ore, with the advancement of technology and the increase of mining prices, our domestic exploration and mining capacity is increasing at a rate of 20% every year, which gradually Increased the proportion of our needs to meet our needs. "At present, the self-discipline ability of Chinese enterprises for the purchase of international ore is still relatively weak, the number of trade mines is too large, and the factors of speculation are too large, which inevitably pushes up the price of this ore, which brings us should not see Some of the problems. In this regard, Zhu Jimin suggested that the government should organize domestic enterprises and participate in the international iron ore procurement in an orderly manner, which can stabilize the price and avoid the impact of “China demand” on the global iron ore market.

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