Continued downturn in the domestic steel market the moment, as the upper reaches of the iron ore market is also hard to change the tide. 61.5% grade ore imports decline than domestic ore deeper, relatively active trading Australia powder the index has Pobai, and imported ore and domestic ore spreads widening further, which also led to many steel mills outside the mine ratio reached a record high . According to the latest survey on the part of the steel mills in iron ore inventory, samples of steel mills in outer ore ratio has reached 98%.
Imported ore price index yesterday (August 28), the composite index of imported ore at the date of 104.8, down 1.60% compared to the previous day's 106.5 the previous month, 123.3 or 15.00%, or 41.45%, compared with 179 in the same period last year. On the same day, the composite index of domestic ore 136.1 and 136.5 in the previous day, a decrease of 0.29%, down 5.81% from the previous month's 144.5, down 32.39 percent compared to the same period last year 201.3.
"Recently imported domestically in the fall, but the exact look you will find more imported ore than domestic ore or Burden Division analyst said that the spread of the imported ore and domestic ore along with two by different decreases gradually widened, fell more imported ore and therefore have a more significant price advantage, coupled with a lot of steel is more serious loss, taking into account the cost factors, the price is relatively higher domestic Mine is the first to be eliminated, so many steel mills outside the mine ratio was reached a new historical high.
August 10 to 24, 55 steel mills in Tangshan, Handan, Xingtai, Shandong, Shanxi and other regional iron ore inventory statistics show that the average sample steel mills use imported ore ratio of 90%, compared to the last (July 27) statistics increased by 2%, including the highest sample steel mills outside the mine ratio reached 98%.
In addition, it is worth noting that the relatively active trading 61.5% grade Australian fine ore imports in August 27 of each sub-index index was 99.5, down one unit as compared to the previous day, which is the index in recent years first Pobai. Yesterday, the index fell another four units, 95.5. Stakeholders in the industry believe that "Despite recent price has fallen a lot, but later imported ore market is not optimistic due to the the downstream demand incompetent, the inquiry is still light in the market, the transaction is still poor, and the relatively weak competitiveness of domestic ore I am afraid that the days of tough some. "
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