Iron ore sandstone financial chain puts China's steel companies facing an outage

An analysis of the latest report from the Customs pointed out that with the gradual expansion of iron ore and the financial derivatives market, the iron ore produced around the "Quarterly Pricing - Iron Ore Index - iron ore swaps" financial chain is formation, speculators and financial capital will irresistibly penetrated into all aspects of trade in iron ore, iron ore resource from mere commodity into the capital of financial institutions covered field, the iron ore price volatility will not increase new Determine the factors.
According to the report, the long-term price increase for iron ore in the third quarter continued to rise. Under the circumstances of low steel prices and high upstream costs, the survival status of Chinese steel enterprises is difficult.

The report pointed out that China's iron ore import volume has continued to fall in recent months due to the fact that there are still domestic stocks that are formed by over-imports. The continuous soaring prices have caused Chinese companies' import enthusiasm to be frustrated. On the other hand, with China’s control With the introduction of policies, domestic real estate has gradually cooled down, and other steel industries such as automobiles and home appliances have also appeared weak, leading to a drop in domestic steel demand.

Australia, China, India and Brazil as the main source of imports of iron ore, but the concern is that iron ore imports from ASEAN and other emerging Iranian origin appears to grow exponentially.

Statistics show that in the first half of this year, Chinese imports of iron ore from Australia, 1.3 billion tons, an increase of 53%, accounting for 414% of China's total imports over the same period; import 64.9 million tons from India, up 4%; imports from Brazil 59.64 million tons, A decrease of 19%; the above three sources together accounted for 817% of China's total imports over the same period.

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