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The reporter learned that the iron ore price has changed from the previous decline, and this week's increase is around 5%. It is expected that the iron ore price will continue to rise in the short term, which will make the negotiation chips of the former Sinosteel enterprises become It is not meaningful.
“The mine frequently talks with us on the concepts of quarterly pricing and index pricing, and approaches the spot price step by step. Now that the price of iron ore has gone up, the situation is even more unfavorable for us.†A senior steel company in Shandong told reporters.
Iron ore prices rose 5% a week
The domestic steel market has fallen from the sky to the bottom in the past three months. Previously, the spot price of iron ore once reached $190 to $192/ton. Since then, the spot mine price has begun to accelerate downward, and on July 16, the imported mineral price fell to a low of $123/ton.
Nowadays, in the warm "up" of steel prices, the market price of iron ore has stopped falling. “Today, the price of construction steel in Shanghai has slowed down. The price of construction steel in Hangzhou market has been stable, and the price of construction steel in Beijing has continued to rise sharply.†On July 22, a person familiar with the market quoted the reporter.
According to data from the Steel House website, the steel spot market continued its general trend on the 22nd, and the increase was expanded. The iron ore market, which has been relatively lax in response, is hard to conceal the “enthusiasm†of price increases. The latest monitoring of the Lange Steel Research Center market shows that the price of iron ore has increased by about 5% this week. Among them, the price of 66% acid powder wet base in Tangshan area has risen to 850 yuan~870 yuan/ton. 63.5% of the main port printing powder market price is 1050 yuan ~ 1070 yuan / ton, up 100 yuan, 63.5 printing powder outside the plate offer price of 132 US dollars ~ 134 US dollars / ton, up 2 US dollars.
"This week, iron ore followed the steel has soared, but there is no such thing as a hot steel market speculation. At present, steel mills have more obvious control over raw materials," said Sun Mingru, an analyst at Lange Steel Iron Ore.
"The spot price of 63.5% iron ore last week was also about 125 US dollars / ton. I did not expect that the spot price of these two days rose to more than 130 US dollars." A steel factory purchasing person in the North accepted the "Daily Economic News" Said in the interview.
The industry believes that the Chinese steel market and spot price are mutually constrained. If the Chinese steel market continues to rise, the spot iron ore price will rise further, and the rise in spot price will in turn support the steel price.
Shi Hongwei, director of the Metallurgical Industry Economic Development Research Center, told reporters that due to the rising demand for steel in China and the recovery of the world economy, the international iron ore price and coal price will inevitably rise. "Now, supply capacity is still strong, and there is no possibility of a significant reduction in costs. A partial occasional phased decline is possible."
During the 2010 Beijing Iron and Steel Industry and Investment Forum, Liu Ligang, chief economist of ANZ China, predicted that iron ore prices would be around $160/ton in September, and will be slightly higher at the end of the year. He told the "Daily Economic News" that the current domestic steel production is too much, and the next step is the possibility of compressing production capacity, which will have an impact on iron ore.
Negotiating chips become lighter
China's iron ore imports have fallen sharply in March, from 59.8 million tons of iron ore in March to 47.17 million tons in June, down 11.91 million tons. "Since June, the Baltic shipping index has reached a new low. It is not difficult to see that China's demand for imported iron ore has dropped sharply." Liang Yun Futures Steel Researcher Yuan Zhen said that iron ore imports fell on China's iron ore quarterly negotiations. favorable.
An insider of a large steel enterprise in Shandong told reporters that he has now begun to worry about the recent general increase in steel prices, which may make China’s already held negotiating chips disappear. “The mine frequently talks with us on the concepts of quarterly pricing and index pricing, and approaches the spot price step by step. Now that the price of iron ore has gone up, the situation is even more unfavorable for us.â€
Another source said that on the 21st, WISCO announced that it had reached a 2010 iron ore import price agreement with Venezuela, and this is the first iron ore contract to be executed at the "China price" this year. It is reported that in October last year, WISCO's WISCO International Trade Corporation and Venezuela CVG signed a seven-year long-term contract with a total contract value of more than 40 million tons.
“Venezuela's iron ore reserves are limited, and short-term can boost China's confidence in iron ore negotiations, but imports are mainly from three major mines.†Some analysts said that the overall trend will not change much this year. It is the follow-up situation.
At present, although Japanese and Korean steel companies and the three major mines have reached a three-quarter price agreement for iron ore, Baosteel executives said that negotiations will begin in late July and early August. At present, Chinese steel companies have not reached an agreement with the three major mines on the ore quarter pricing mechanism.
The continuous rise of the domestic steel market has driven the “small Lianyang†of the iron ore market.