Relieve pressure soaring iron ore sea freight port will become paramount – iron
China imported iron ore port stocks up to 62 million t of this important variable, to a certain extent, pushed up the cost of another line of Chinese steel enterprises?? International iron ore sea freight prices. Yesterday, people close to the Shanghai Securities News, said the relevant ministries to prepare common to the Port in the near future measures to reduce port stocks, iron ore pressure port to reduce the phenomenon in order to stabilize the sea freight and iron ore spot market price, ease and power of China Rio, BHP Billiton's iron ore price negotiations stalled pressure.
International mainstream and Brazilian steel company CVRD iron ore determine the starting price is almost 3 months, the Australian mining company Rio Tinto and BHP Billiton refused to accept the starting price of steel in East Asia required compensation to ocean freight. Earlier, as the Brazilian and Australian iron ore mine is very close to the sea freight and no such "compensation farce." Before 2003, Brazil, Australia, sea freight charter ore spot gaps have been reflected in the FOB price was much lower than the current sea freight, long-Co ore contracts in Brazil, Australia, cif mine in East Asia is consistent . Such as the 2000 price of 15.9 U.S. dollars Brazilian ore open / ton, the Australian mining 18.5 U.S. dollars / ton, Brazil, Australia to China, shipping costs were 9.5 U.S. dollars and 6.5 dollars, integrated mine CIF Ge Baxi 26 U.S. dollars / ton, the Australian mining 25.4 U.S. dollars / tons, the spread between the two is only 0.6 U.S. dollars, increase by 2%.
Dry bulk shipping market in recent years continued to rise, Brazil, Australia, China sea freight to the difference between growing, resulting in Brazil, Australia, the gap gradually opened ore CIF. May 2008, the international dry bulk shipping market, following in November 2007 again hit a record high point of Brazil to China, shipping to 106 U.S. dollars / ton, Western Australia to China shipping costs 35 U.S. dollars / ton, two premium 60 U.S. dollars / ton than the same period in 2007 rose 72% over the same period in 2006 rose 330%. Long-term contracts by 2008 65% increase, and the current spot price of a charter, the Brazilian ore CIF value will reach 189 U.S. dollars / ton, the Australian mine was 130 U.S. dollars / tons, spread over 59 U.S. dollars, nearly 50% increase.
Australian mining company this matter that this lack of conformity with the principles of price, demand-side requirements for ocean freight compensation, in order to smooth the Brazilian mining ore CIF price gap with Australia. In the current round of negotiations, this issue is to be tough Rio Tinto unprecedented manner.
Have suggested the market for iron ore port hoarding phenomenon, government departments can not drift. In fact, in March 2005, China enacted the "Measures for the Administration of iron ore automatic Import Licensing," on the Hong Kong government departments should deposit of iron ore to the Port in the work. Meanwhile, from the iron ore market order rectification at source, change in the iron ore traders and steel enterprises in the import channels and more, links and more confusion to stop hoarding, drive up the price.
Previously executive vice president of China Steel Association Luo said China is resolutely opposed to the freight price difference on the ground of long-term iron ore prices for fare increase by the agreement, negotiations will take measures to cope with potential deadlock. This proves that the Chinese shipping market will start to suppress.
We are high quality suppliers, our products such as Bandage manufacturer , china inflatable cervical collar for oversee buyer. To know more, please visits cervical collar.
Processing your request, Please wait....
