Asian Metal– The price of iron ore in the international market moved up in succession from July 19 to Aug 20.Asian Metal Copyright That means the demand of iron ore will reduce by 15% at that time.Asian Metal Copyright The markup approaches 30% in total.Asian Metal Copyright Asian Metal’s observers predict the price of international iron ore will run on a downward trend in September and the decrease room will be around USD15t.Asian Metal Copyright Since Aug 21, the price has become stable.Asian Metal Copyright CMP RMBwt 1230-1240 - 26 Aug 10 Iron Ore Fine Australian 62%min d.Asian Metal Copyright Now most players watch the market and try to figure out where the international iron ore market will go.Asian Metal Copyright Besides China, the overseas players also predict the price will move down in following days.Asian Metal Copyright
Iron ore suppliers watch Chinese market closely, for China is the large iron ore consumer in the world.Asian Metal Copyright Now most players watch the market and try to figure out where the international iron ore market will go.Asian Metal Copyright In the third week of this month, BaoSteel, the most influential steel mill in China, reported it kept the EXW price of steel products stable for September’s delivery.Asian Metal Copyright07 million tons from that in June.Asian Metal Copyright Industry insiders point out BaoSteel is not optimistic about the future market.Asian Metal Copyrightp.Asian Metal Copyright
Since July 15, the price of steel products has increased in China.Asian Metal Copyright55 million tons of steel products, down by 1.Asian Metal Copyright However, in recent one week, it has moved down slightly due to the weak demand.Asian Metal Copyright Normally, three iron mine giants will offer the price for fourth quarter according to the average price from June to August.Asian Metal Copyright Because the global economy has not recovered to the level before the economy crisis, the export of steel products runs low.Asian Metal Copyright Iron ore suppliers watch Chinese market closely, for China is the large iron ore consumer in the world.Asian Metal Copyright In July, China exported 4.Asian Metal Copyright Asian Metal’s observers predict the price of international iron ore will run on a downward trend in September and the decrease room will be around USD15t.Asian Metal Copyright55 million tons of steel products, down by 1.Asian Metal Copyright Unit Price UpDown Date Iron Ore Fine Indian 63.Asian Metal Copyright07 million tons from that in June.Asian Metal Copyrightp.Asian Metal Copyright Therefore, the steel market in China is likely to turn sluggish in September, which will drag down iron ore market.Asian Metal Copyright Since July 15, the price of steel products has increased in China.Asian Metal Copyright
Besides China, the overseas players also predict the price will move down in following days.Asian Metal Copyrightp.Asian Metal Copyright Normally, three iron mine giants will offer the price for fourth quarter according to the average price from June to August.Asian Metal Copyright Now most players watch the market and try to figure out where the international iron ore market will go.Asian Metal Copyright A mine in Brazil predicts the price will decrease by 8% in the last three months of this year.Asian Metal Copyright07 million tons from that in June.Asian Metal Copyright
Now many countries face the problem of overcapacity in the steel industry, especially in China, the largest buyer of iron ore.Asian Metal Copyright Now most players watch the market and try to figure out where the international iron ore market will go.Asian Metal Copyright China plans to cut the output by 100 million tons by the end of 2011.Asian Metal Copyrightp.Asian Metal Copyright That means the demand of iron ore will reduce by 15% at that time.Asian Metal Copyright Unit Price UpDown Date Iron Ore Fine Indian 63.Asian Metal Copyright
Asian Metal’s observers predict the price of international iron ore will run on a downward trend in September and the decrease room will be around USD15/t.Asian Metal Copyrightp.Asian Metal Copyright It is hard very hard for the price to move down sharply because miners plan to cut the supply in following months.Asian Metal Copyright CMP RMBwt 1230-1240 - 26 Aug 10 Iron Ore Fine Australian 62%min d.Asian Metal Copyright