subject: 08 Looking Back: Steel, Iron Ore Prices To Stimulate The Market - Steel Market, Iron Ore Prices, [print this page] 2008 year-end, the steel market was stable to good, steel mills up steel prices 09 year, steel part of the complex production, which to some extent, stimulates Iron ore Market demand.
Statistics according to Lange Steel, has been since December 2008, the domestic Iron ore price Steadily. Among them, the import of iron ore spot, to arrive in Tianjin to Hong Kong 63.5% India ore CIF reference price, for example, the price of the species from December 1 to 67-70 U.S. dollars / ton, up from December 3 to 70 - 73 U.S. dollars / ton; then start from December 9, the price rose to 72-75 U.S. dollars / ton. Stability after nearly two weeks, prices rose in December 23 73-76 U.S. dollars / ton. With the Dec. 25 rose to the latest price 82-75 dollars / ton. Prices in December rose 7.5% rebound.
Domestic iron ore spot prices are also a recovery of 12 monthly trend. To 65-66 species of dry acidic iron ore prices as an example: The variety on December 1 last year, when the price of 640-850 yuan / ton, December 29 up to 680-890 when the yuan / ton. Month rate of increase to 6.25%.
Domestic steel mills for iron ore last year, 12 months change the purchase price of raw materials mixed trend. Such as Xing steel, 12 months on the purchase price of iron ore raw materials stable at 790-850 yuan / ton, no significant price changes; days in December of iron ore raw material purchase prices are also stable at 800 yuan / ton; package Iron ore prices this month, stable procurement of raw materials in the 490-570 yuan / ton. However, some small and medium steel mills, iron ore raw material purchase price is significantly higher, such as: Tangshan Yue Feng, this month the purchase price of iron ore rose 20 yuan / ton, from the beginning of 800 yuan / ton, rising to 29 December 820 yuan / ton. Hebei Iron and Steel Plant advance procurement of iron ore price from Nov. 28 to 850 yuan / ton, reached on December 29 of the 900 yuan / ton, up 50 yuan a month / ton. Ling Steel purchase price from 650 in early yuan / ton rose on December 29 of the 720 yuan / ton, a month rose by 70 yuan / ton. The Tangshan Guofeng Steel and Tangshan iron ore purchase price of shellfish in a month is up by 80 yuan / ton, respectively, the rate of increase up to 11% and 10%.
Lange steel monitoring shows that iron ore prices in June 2008 reached 1,630 yuan / ton national average plummeted after the highest price, quickly slipped to October of 720 yuan / ton national average lowest price. After the state has experienced more than a month slump, recently started a stable and positive trends. Although a few days ago by Tangshan Tangshan Iron and Steel took place in Hong Kong land a gas leak incident, local steel companies are doing most of the security check, have some impact on steel production, a short time the demand for raw materials will be inhibited. But the domestic steel market, the price of encouraging, or promoting the market for iron ore and other raw materials, strong support. At present, the iron ore market atmosphere of hope rose darker and Hebei Iron Concentrates active in the market, most of the miners on bullish. But steel prices edged up in the case of steel, iron ore procurement more cautious, local steel mills to increase the procurement within the mine. In addition, return to work the mines are still not many, some mining stocks small price slightly in mineral exploration rises, miners cherish goods mentality strong.
2008 last week, the steel market continue to follow the rally. As the market is not stocks, although the weak demand, but businesses are not eager to shipping, receipt of individual districts and even conduct business. Currently, resources in a relatively tight market conditions, not the total arrival of a large steel mill. Steel raised prices to businesses has been bullish on the short-term market conditions, offer to maintain a slight upward trend.
Ended on Dec. 29, 25MM Rebar National average price of 3661 yuan / ton, compared with 1.7% price increase in early. 6.5MM High Line National average price of 3568 yuan / ton, compared with 1.5% price increase in early. 5.5MM hot rolled coil average price of 3685 yuan of domestic / tons, up 7.3% in early. 1.0MM Cold plate National average price of 4,430 yuan / tons, up 5.5% in early. 20MM Plate national average price of 3,672 yuan / tons, up 4% in early. Plate prices in December rose significantly.
The end of the steel market, rising raw material market price is no doubt that the domestic steel market in 2009 full of expectations. New Year holiday in January is a colorful festival, market demand may be dropped to the freezing point, so businesses are expected to be more cautious the recent operation.
