The hottest price rise is expected to be strong. S

Strong expectation of price rise steel enterprise traders crazy "winter storage" iron ore

strong expectation of price rise steel enterprise traders crazy "winter storage" iron ore

China Construction machinery information

Guide: the recent crazy hoarding of iron ore by domestic traders and steel mills has attracted attention in the industry. According to Lange steel, due to the strong expectation of iron ore price rise in 2011 and other reasons, iron ore stockpiles soared this winter. An insider pointed out that iron ore hoarding caused its price to rise

the recent crazy hoarding of iron ore by domestic traders and steel mills has attracted the attention of the industry. Better eliminate the impact of external interference on information. According to Lange steel, due to strong expectations of iron ore price rise in 2011 and other reasons, iron ore stockpiles soared this winter. An insider pointed out that iron ore hoarding caused its price to rise, which in turn stimulated steel mills to raise steel prices, which in turn would stimulate mines to raise prices, thus forming a vicious cycle of rising steel and ore prices in the future

Cao Jinsong, business manager of Wuhan Dongye economic and Trade Co., Ltd., which specializes in iron ore trade, said: "the iron ore market is very good now. Next year, the ore price will inevitably rise with the application of advanced technology. Compared with the same period last year, we have increased our holdings of a large number of iron ore inventories." According to the data of Lange steel, as of December 24, the total iron ore inventory in ports across the country was 78.8 million tons, a relatively high level in history

in addition to mining traders, many steel traders have also joined this wave of iron ore hoarding. Some companies simply invested all the funds of steel winter storage in iron ore winter storage, including Wang Yongfu, chairman of Beijing Pude Metal Group Co., Ltd. Wang Yongfu said that inflation expectations are still strong, and the depreciation of the dollar and the rise in the prices of resource products such as iron ore have become an inevitable trend. "We began to try to increase the intensity of iron ore hoarding this year, which is somewhat gambling. The specific amount of hoarding depends on the next trend of ore prices." Wang Yongfu told

some steel mills also increased the purchase of iron ore. "Generally, there will be some new projects at the beginning of the year, and the demand for steel will also increase. Therefore, it is very common for steel enterprises to hoard some iron ore for next year's production at the end of each year, but it is relatively rare for such traders and steel mills to hoard in large quantities this year." An insider told. According to an iron ore trader, at present, steel mills dare to buy more iron ore because they are optimistic about the rigid demand driven by 10million policy guaranteed housing next year. In addition, after the steel enterprises were forced to limit power supply due to the pressure of energy conservation and emission reduction in the third quarter, the production capacity gradually recovered at the end of the year. With the mentality of chasing the rise, the steel plant is afraid that the ore price will soar again next year. Even if the profit is thin, the steel plant will have to hoard goods

it is worth noting that the impact of hoarding on ore prices has begun to appear. The spot price of iron ore delivered to China on December 29 was about US $177/ton, up 21% from mid September, close to the peak of US $192/ton in April. For this unusual situation, when strengthening the installation of samples of new materials, users can coordinate the installation of industrial policies, development plans and policies such as science and technology, finance and taxation, finance, commerce and trade according to their habits. According to the analysis of anonymous industry experts, the real estate policy is likely to be further tightened next year. The demand situation in the steel market is very uncertain, coupled with the recent rise in mineral prices, so the risk of stocking is still very high

xuguangjian, an analyst of United metal iron ore, told us that ore prices and steel prices are interactive and mutually restrictive. As the domestic demand for imported ore is indeed large, the three major miners, steel mills and other parties jointly promoted the vicious cycle of rising steel prices and ore prices. However, in the end, the downstream has a very limited acceptance of the rise in steel prices. When the automobile, home appliance and other industries can no longer bear the costs passed on by the upstream, the bitter fruit of the surge in ore prices caused by hoarding will only be swallowed by the steel enterprises themselves

analysts also pointed out that the "Dongchu" iron ore is suspected of "speculation". Reselling imported iron ore has always been a chronic disease of the domestic steel industry. A large number of domestic iron ore import traders accumulate iron ore and sell it to domestic small and medium-sized steel enterprises at high prices to obtain a high price difference. To this end, CISA and China Minmetals chamber of Commerce released the industry self-discipline document in April this year, stipulating that the imported iron ore shall be strictly subject to the first-class agency, and the agency fee shall be charged on the basis of the FOB price of imported iron ore. The agency fee for the member enterprises of CISA and China Minmetals chamber of Commerce shall be ≤ 3%, and the agency fee for non members shall be ≤ 5%