Fri, Feb18, 2011
BEIJING Feb 18 (Reuters) - Stockpiles of imported iron ore at major Chinese ports fell 160,000 tonnes this week to 79.97 million tonnes, the first weekly decline since Dec. 17, industry consultancy Mysteel said on Friday.
Brazilian ores stood at 21.65 million tonnes, up fractionally from last week, while ore from India rose 190,000 tonnes to 13.23 million tonnes.
Ore originating in Australia fell 280,000 tonnes to end the week at 29.16 million tonnes, Mysteel said.
Chinese iron ore imports rose 18.8 percent month on month in January to reach 68.97 million tonnes, the highest since September 2009.
(Reporting by David Stanway; Editing by Chris Lewis, sourced:Thomson Reuters)
Tags: Asian iron ore, China iron ore stockpiles at ports
Showing posts with label China imports. Show all posts
Showing posts with label China imports. Show all posts
Saturday, February 19, 2011
Fenwei to hold coking coal market seminar in Marh
Feb 18, 2011
China coal & Coke Market Forum in the theme of "Global Coking Coal Resource & Market Seminar", will be held by China Coal Resource (CCR) on Mar 23-25, 2011, at Taiyuan Jinci Hotel, Taiyuan, Shanxi Province, P.R. China.
China's imports of coking coal maintained a fast momentum to reach 47.27 million tonnes in 2010, making China to become the fastest and one of the largest coking coal importers in the world.
The coking coal demand, 2011, in China will continue to keep its strongest absorption. Facing the quick recovery of global economy and the coal production slump from the world's first exporter Australia caused by the flooding, is it possible for China or other steel producing countries to get enough coking coal this year? Can global coking coal production meet the demands? Will the global coking coal price surge or not?
China Coal Resource (CCR) called on the industrial experts, analysts and researchers at home and abroad to gather in Shanxi, the largest coking coal production base of the world, to make further communication and discussions on these hot issues.
Meanwhile, delegates from investment, securities, coking coal producer, steel maker, coal logistics to other related industries will also present at this meeting. Hereby we are delighted to welcome our international partners joining us for this forum.
(sourced:en.sxcoal.com)
China coal & Coke Market Forum in the theme of "Global Coking Coal Resource & Market Seminar", will be held by China Coal Resource (CCR) on Mar 23-25, 2011, at Taiyuan Jinci Hotel, Taiyuan, Shanxi Province, P.R. China.
China's imports of coking coal maintained a fast momentum to reach 47.27 million tonnes in 2010, making China to become the fastest and one of the largest coking coal importers in the world.
The coking coal demand, 2011, in China will continue to keep its strongest absorption. Facing the quick recovery of global economy and the coal production slump from the world's first exporter Australia caused by the flooding, is it possible for China or other steel producing countries to get enough coking coal this year? Can global coking coal production meet the demands? Will the global coking coal price surge or not?
China Coal Resource (CCR) called on the industrial experts, analysts and researchers at home and abroad to gather in Shanxi, the largest coking coal production base of the world, to make further communication and discussions on these hot issues.
Meanwhile, delegates from investment, securities, coking coal producer, steel maker, coal logistics to other related industries will also present at this meeting. Hereby we are delighted to welcome our international partners joining us for this forum.
(sourced:en.sxcoal.com)
Friday, February 4, 2011
Chinese steel mills diversifying sources for iron ore supply
Friday, 04 Feb 2011
Indian iron ore spot prices in recent days kept surging due to iron ore supply shortage in the market, triggered by the news about Indian government hiking iron ore exports duty, flooding situation in Australia, Iran also contemplating 50% duty tax on iron ore fines and 35% on pellet exports.
With the expectation of housing project, railway project and underground projects undertaking in 2011 and many experts believe the Chinese steel demand will continue to see rapid growth in the next few years. The supply of the main source for steelmaking, iron ore has long been controlled by the three major supplying countries, Brazil, Australia and India. It has become a serious concern that China needs to diversify the sources of iron ore supply in the future in order to secure the necessary resources for the steel industry.
In fact, the recent data from China Custom have revealed the efforts. China imported 617 million tonnes of iron ore in 2010, down 1.4% than the previous year.
However, imports from smaller miners have showed significant growth in the past year. Between January to November in 2010, China imported 6.68 million tonnes of iron ore from Peru up by 22%, 4.41 million tonnes from Venezuela up by 77%, 12.88 million tonnes from Iran, up by 128%, 6.9 million tonnes from Indonesia up by 19%, 1.84 million tonnes from North Korea up by 167%, 1.72 million tonnes from Vietnam up by 10% and 6.10 million tonnes from Chile up by 17%.
Apparently, the surging iron ore spot prices and profitability of iron ore encourage smaller suppliers to jump into the iron ore market, thus pushing the imports from these countries to go up. Meanwhile, the overall decreasing in total imports and increasing amount from non-traditional iron ore suppliers indicated the Brazil, Australia and India market share have dropped in 2010.
Analysts pointed out that their market shares drops might be result from the economic recovery in Europe market and Vale have distributed quite a great deal of stock to the region. Traders revealed that importing iron ore from the major suppliers meant accepting the high cost at the market, and importing from smaller miners could mean the prices could be more flexible and thus more attractive.
The high iron ore spot prices have been pushing the index base quarterly contract prices to go up in the quarter one of 2011 as well. Sensing the huge demand from Chinese steel industry, major supplier like Rio, BHP and Vale have planned to expand production in 2011 and the onwards years.(sourced:mysteel.net, for real time access to China steel news)
Indian iron ore spot prices in recent days kept surging due to iron ore supply shortage in the market, triggered by the news about Indian government hiking iron ore exports duty, flooding situation in Australia, Iran also contemplating 50% duty tax on iron ore fines and 35% on pellet exports.
With the expectation of housing project, railway project and underground projects undertaking in 2011 and many experts believe the Chinese steel demand will continue to see rapid growth in the next few years. The supply of the main source for steelmaking, iron ore has long been controlled by the three major supplying countries, Brazil, Australia and India. It has become a serious concern that China needs to diversify the sources of iron ore supply in the future in order to secure the necessary resources for the steel industry.
In fact, the recent data from China Custom have revealed the efforts. China imported 617 million tonnes of iron ore in 2010, down 1.4% than the previous year.
However, imports from smaller miners have showed significant growth in the past year. Between January to November in 2010, China imported 6.68 million tonnes of iron ore from Peru up by 22%, 4.41 million tonnes from Venezuela up by 77%, 12.88 million tonnes from Iran, up by 128%, 6.9 million tonnes from Indonesia up by 19%, 1.84 million tonnes from North Korea up by 167%, 1.72 million tonnes from Vietnam up by 10% and 6.10 million tonnes from Chile up by 17%.
Apparently, the surging iron ore spot prices and profitability of iron ore encourage smaller suppliers to jump into the iron ore market, thus pushing the imports from these countries to go up. Meanwhile, the overall decreasing in total imports and increasing amount from non-traditional iron ore suppliers indicated the Brazil, Australia and India market share have dropped in 2010.
Analysts pointed out that their market shares drops might be result from the economic recovery in Europe market and Vale have distributed quite a great deal of stock to the region. Traders revealed that importing iron ore from the major suppliers meant accepting the high cost at the market, and importing from smaller miners could mean the prices could be more flexible and thus more attractive.
The high iron ore spot prices have been pushing the index base quarterly contract prices to go up in the quarter one of 2011 as well. Sensing the huge demand from Chinese steel industry, major supplier like Rio, BHP and Vale have planned to expand production in 2011 and the onwards years.(sourced:mysteel.net, for real time access to China steel news)
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