BEIJING, Dec 30 (Reuters) - Stockpiles of imported iron ore at major Chinese ports fell this week to 95.6 million
tonnes, according to industry consultancy Mysteel
Following is a table showing iron ore port stock movements
in the last seven days.
Country of Stockpiles Change (%)
origin (mln T)
Total 95.60 -1.26%
Australia 41.70 -1.58%
Brazil 23.83 +0.8%
India 9.64 -4.27%
Sourced: Mysteel & Reuters
Showing posts with label Chinese iron ore import market. Show all posts
Showing posts with label Chinese iron ore import market. Show all posts
Friday, December 30, 2011
China imported iron ore stocks down in wk ending Dec 30
Fri Dec 30, 2011
Tuesday, December 13, 2011
Chinese iron ore imports in November jumps by 29pct
Tuesday, 13 Dec 2011
Bloomberg reported that iron ore imports by China, the biggest buyer rebounded 29% in November from an eight month low as some steelmakers replenished their stockpiles after prices fell.
The General Customs said the country imported 64.2 million tonnes of iron ore last month. This is the highest since January and compares with 49.94 million tonnes in October.
IG Markets Chris Weston said November 30 that iron ore prices for immediate delivery tumbled 31% in October amid China credit tightening and slowing steel demand from builders and automakers. The prices will find a floor at USD 120 a ton as Chinese steelmakers replenish stockpiles
(Sourced from Bloomberg)
Bloomberg reported that iron ore imports by China, the biggest buyer rebounded 29% in November from an eight month low as some steelmakers replenished their stockpiles after prices fell.
The General Customs said the country imported 64.2 million tonnes of iron ore last month. This is the highest since January and compares with 49.94 million tonnes in October.
IG Markets Chris Weston said November 30 that iron ore prices for immediate delivery tumbled 31% in October amid China credit tightening and slowing steel demand from builders and automakers. The prices will find a floor at USD 120 a ton as Chinese steelmakers replenish stockpiles
(Sourced from Bloomberg)
Tuesday, November 29, 2011
Iron ore traders say prices will continue to slide this week as lean steel demand in China may limit appetite for the raw material.
Nov29, 2011
Reuters reported that spot iron ore prices are likely to extend losses this week as lean steel demand in top consumer China may limit appetite for the raw material, with sellers cutting prices further on Monday.
Iron ore with 62% iron content dropped half a percent to USD 140.40 a tonne on Friday, according to the Steel Index, putting its weekly loss at 4.8%. It was iron ore's first weekly drop in four weeks.
An iron ore trader in Shanghai said that "The price will continue to slide this week. Sentiment hasn't really changed much, steel demand in China is still very limited.”
Chinese consultancy Umetal said that offer prices of imported iron ore in China fell by another dollar per tonne on Monday, with Australian Neman fines quoted at USD 139 to USD 141 a tonne, cost and freight and MAC fines at USD 133 to USD 135
Australian Pilbara iron ore fines were offered at USD 135 to USD 137 a tonne and Indian 63.5/63 grade fines were quoted at USD 143 to USD 146.
But traders said prices are unlikely to go into freefall again as supplies remain tight.
(Sourced from Thomson Reuters)
Reuters reported that spot iron ore prices are likely to extend losses this week as lean steel demand in top consumer China may limit appetite for the raw material, with sellers cutting prices further on Monday.
Iron ore with 62% iron content dropped half a percent to USD 140.40 a tonne on Friday, according to the Steel Index, putting its weekly loss at 4.8%. It was iron ore's first weekly drop in four weeks.
An iron ore trader in Shanghai said that "The price will continue to slide this week. Sentiment hasn't really changed much, steel demand in China is still very limited.”
Chinese consultancy Umetal said that offer prices of imported iron ore in China fell by another dollar per tonne on Monday, with Australian Neman fines quoted at USD 139 to USD 141 a tonne, cost and freight and MAC fines at USD 133 to USD 135
Australian Pilbara iron ore fines were offered at USD 135 to USD 137 a tonne and Indian 63.5/63 grade fines were quoted at USD 143 to USD 146.
But traders said prices are unlikely to go into freefall again as supplies remain tight.
(Sourced from Thomson Reuters)
Wednesday, October 26, 2011
China, Import prices of iron ore fall last week
Tue, Oct26, 2011 | Xinhua
BEIJING - Inventories of iron ore at 25 of China's major sea ports fell to 93.02 million tons in the week ending Oct 24, according to the Xinhua-China Iron Ore Price Index released on Tuesday.
The stock of imported iron ore last week was 50,000 tons lower than one week earlier, down 0.05 percent week-on-week, according to the index compiled by Xinhua News Agency to track iron ore inventories and imports on Chinese spot markets.
Prices of imported iron ore dropped last week. The price index for 63.5-percent-purity iron ore imports fell by 19 points to hit 148 points, while that for 58-percent-purity iron ore imports slid by 29 points to reach 109 points.
Xinhua analysts said import prices of iron ore have been on the downswing and market expectations of lower prices have strengthened.
Chinese steel companies tend to increase purchases of iron ore ahead of September and October, the traditional peak months for iron ore use.
China imported 42.54 million tons of iron ore during the first eight months of the year, a year-on-year increase of 10.5 percent, and 29.99 million tons more than the country's actual demand, according to data from the General Administration of Customs.
As most steel companies are fully stocked, they will slow purchases of the key industrial ingredients over the rest of the year, analysts said.
Global demand for iron ore will shrink in the short-term as the Chinese government intensifies its efforts to consolidate its steel industry to reduce overcapacity, and the United States and European countries remain mired in weak economic growth.
That will remove key supports from iron ore prices and put pressure on suppliers to lower prices, Xinhua analysts said.
(sourced ChinaDaily)
BEIJING - Inventories of iron ore at 25 of China's major sea ports fell to 93.02 million tons in the week ending Oct 24, according to the Xinhua-China Iron Ore Price Index released on Tuesday.
The stock of imported iron ore last week was 50,000 tons lower than one week earlier, down 0.05 percent week-on-week, according to the index compiled by Xinhua News Agency to track iron ore inventories and imports on Chinese spot markets.
Prices of imported iron ore dropped last week. The price index for 63.5-percent-purity iron ore imports fell by 19 points to hit 148 points, while that for 58-percent-purity iron ore imports slid by 29 points to reach 109 points.
Xinhua analysts said import prices of iron ore have been on the downswing and market expectations of lower prices have strengthened.
Chinese steel companies tend to increase purchases of iron ore ahead of September and October, the traditional peak months for iron ore use.
China imported 42.54 million tons of iron ore during the first eight months of the year, a year-on-year increase of 10.5 percent, and 29.99 million tons more than the country's actual demand, according to data from the General Administration of Customs.
As most steel companies are fully stocked, they will slow purchases of the key industrial ingredients over the rest of the year, analysts said.
Global demand for iron ore will shrink in the short-term as the Chinese government intensifies its efforts to consolidate its steel industry to reduce overcapacity, and the United States and European countries remain mired in weak economic growth.
That will remove key supports from iron ore prices and put pressure on suppliers to lower prices, Xinhua analysts said.
(sourced ChinaDaily)
Tuesday, September 6, 2011
Chinese imported iron ore stocks hit record in week to Sept 2
Tuesday, 06 Sep 2011
In million tonnes
(Sourced from Reuters)
Reuters quoted according to data from industry consultancy Mysteel said that inventories of imported iron ore at major Chinese ports rose 0.5% to a record 95.59 million tonnes by the end of this week.
Inventories originating in Brazil fell slightly but that was offset by increases in deliveries from India and Australia.
Following is a table showing iron ore port stock movements in the last seven days.
| Country of Origin | Stockpiles | Change |
| Total | 95.59 | 0.5 |
| Australia | 38.12 | 0.6 |
| Brazil | 22.97 | -0.6 |
| India | 14.17 | 3.7 |
In million tonnes
(Sourced from Reuters)
Wednesday, August 17, 2011
Number of China’s qualified iron ore importers cut to 105
Wed,August17,2011
(sourced steelorbis)
The number of China's qualified iron ore importing enterprises has been cut from 108 to 105, as reported by China-based newspaper First Financial Daily on August 15.
In 2005, the China Iron & Steel Association (CISA) and the China Chamber of Commerce for Metals, Mineral and Chemicals Importers and Exporters (CCMCC) cut the number of qualified iron ore importing enterprises in China from 500 to 118. Two years later, the number of qualified iron ore importing enterprises in China was reduced further to 112, while the number was subsequently cut again to 108.
In 2005, the China Iron & Steel Association (CISA) and the China Chamber of Commerce for Metals, Mineral and Chemicals Importers and Exporters (CCMCC) cut the number of qualified iron ore importing enterprises in China from 500 to 118. Two years later, the number of qualified iron ore importing enterprises in China was reduced further to 112, while the number was subsequently cut again to 108.
(sourced steelorbis)
Wednesday, August 10, 2011
Iron Ore-Shanghai rebar rises after Fed's pledge, iron ore weaker
Wed Aug 10, 2011
* China July iron ore imports up 6.8 pct to 54.55 mln T
* Steel mills slow down purchases as worries on economy linger
* SMX plans to launch iron ore futures on Friday
By Ruby Lian and Jacqueline Wong, Reuters
SHANGHAI, Aug 10 (Reuters) - Shanghai rebar futures rose on Wednesday after the U.S. Federal Reserve pledged to keep interest rates near zero for at least two years, stemming a global equity rout, but gains were limited as investors remain wary on the long-term outlook.
The most active rebar futures for January on the Shanghai Futures Exchange SRBc6 rebounded to a high of 4,819 yuan ($749) per tonne, up 1.1 percent from the previous close, after hitting its weakest since March 24 on Tuesday. The contract ended 0.52 percent higher at 4,790 yuan per tonne.
"The panic is calming down after the Fed promised to maintain low interest rates until 2013, but the extent of the rebound will still need to be watched as investors remain concerned on the U.S. and European economic outlook," said Jay Zhang, an analyst with Everbright Futures in Shanghai.
Global stock and commodities markets had been on a downward spiral starting late last week triggered by fears about the U.S. economy and Europe's debt crisis compounded by the shock of an historic downgrade of the U.S. credit rating.
Analysts said there was still a lot of uncertainty regarding the Fed's power to stimulate the economy with rates already so low, while China's top economic planner expecting the United States to launch a new round of quantitative monetary easing, which may fuel global price pressures.
IRON ORE DEALS SLOW
Spot prices of iron ore fell $1 a tonne on Wednesday after steelmakers in China, the world's top iron ore buyer, slowed down purchases.
"Transactions have been weaker since early August after iron ore prices rose quickly, and the worries over the gloomy global economy have also slowed down buying," said an iron ore trader in coastal Shandong province.
"At least our company has managed to minimise stocks except for bookings with long-term suppliers."
Quotes for Indian 63.5/63 iron ore fell $1 to $184-$186 per tonne, including freight, on Wednesday, while offers for 62-grade Newman fines from Australia posted a similar fall to $180-182 per tonne, industry consultancy Umetal said.
China's imports of iron ore rose 6.8 percent to 54.55 million tonnes in July, with steelmakers' purchases taking the figure to its highest point in four months, customs data showed on Wednesday.
China's daily crude steel output fell 4.3 percent to 1.913 million tonnes in July from the record hit in the previous month, as flat steel producers contracted output in the face of weaker demand over the summer.
Total steel output in the world's top steel-producing country for the first seven months rose 10.3 percent to 410.36 tonnes from a year earlier, suggesting demand for iron ore remains strong.
Key global iron ore indexes, used by global miners to settle contract prices, fell on Tuesday, reflecting weaker spot deals in China.
The Steel Index's 62-percent iron ore reference price .IO62-CNI=SI slipped 30 cents to $177.8 per tonne, while Metal Bulletin's Iron Ore Index dipped 18 cents to $177.59 per tonne.
The Platts 62-percent index IODBZ00-PLT stood unchanged at $177.5 per tonne.
Singapore Exchange-cleared iron ore swaps <0#SGXIOS:> fell across the board on Tuesday, reflecting investors' continued worries over the European and U.S. downturn.
The volume of iron ore swaps cleared globally rose to an all-time high of more than 4 million tonnes in July, valued at more than $700 million. The bulk of that, or 3.92 million tonnes, was cleared by the Singapore Exchange.
The Singapore Mercantile Exchange will launch its iron ore futures contract on Friday, the second in the world after India launched the world's first in January, providing another tool for steel mills and iron ore producers to hedge the steelmaking raw material.
The contract, open to global investors and settled in U.S. dollars, will be cash-settled against Metal Bulletin's iron ore index .IO62-CNO=MB. ($1 = 6.431 Chinese yuan)
* China July iron ore imports up 6.8 pct to 54.55 mln T
* Steel mills slow down purchases as worries on economy linger
* SMX plans to launch iron ore futures on Friday
By Ruby Lian and Jacqueline Wong, Reuters
SHANGHAI, Aug 10 (Reuters) - Shanghai rebar futures rose on Wednesday after the U.S. Federal Reserve pledged to keep interest rates near zero for at least two years, stemming a global equity rout, but gains were limited as investors remain wary on the long-term outlook.
The most active rebar futures for January on the Shanghai Futures Exchange SRBc6 rebounded to a high of 4,819 yuan ($749) per tonne, up 1.1 percent from the previous close, after hitting its weakest since March 24 on Tuesday. The contract ended 0.52 percent higher at 4,790 yuan per tonne.
"The panic is calming down after the Fed promised to maintain low interest rates until 2013, but the extent of the rebound will still need to be watched as investors remain concerned on the U.S. and European economic outlook," said Jay Zhang, an analyst with Everbright Futures in Shanghai.
Global stock and commodities markets had been on a downward spiral starting late last week triggered by fears about the U.S. economy and Europe's debt crisis compounded by the shock of an historic downgrade of the U.S. credit rating.
Analysts said there was still a lot of uncertainty regarding the Fed's power to stimulate the economy with rates already so low, while China's top economic planner expecting the United States to launch a new round of quantitative monetary easing, which may fuel global price pressures.
IRON ORE DEALS SLOW
Spot prices of iron ore fell $1 a tonne on Wednesday after steelmakers in China, the world's top iron ore buyer, slowed down purchases.
"Transactions have been weaker since early August after iron ore prices rose quickly, and the worries over the gloomy global economy have also slowed down buying," said an iron ore trader in coastal Shandong province.
"At least our company has managed to minimise stocks except for bookings with long-term suppliers."
Quotes for Indian 63.5/63 iron ore fell $1 to $184-$186 per tonne, including freight, on Wednesday, while offers for 62-grade Newman fines from Australia posted a similar fall to $180-182 per tonne, industry consultancy Umetal said.
China's imports of iron ore rose 6.8 percent to 54.55 million tonnes in July, with steelmakers' purchases taking the figure to its highest point in four months, customs data showed on Wednesday.
China's daily crude steel output fell 4.3 percent to 1.913 million tonnes in July from the record hit in the previous month, as flat steel producers contracted output in the face of weaker demand over the summer.
Total steel output in the world's top steel-producing country for the first seven months rose 10.3 percent to 410.36 tonnes from a year earlier, suggesting demand for iron ore remains strong.
Key global iron ore indexes, used by global miners to settle contract prices, fell on Tuesday, reflecting weaker spot deals in China.
The Steel Index's 62-percent iron ore reference price .IO62-CNI=SI slipped 30 cents to $177.8 per tonne, while Metal Bulletin's Iron Ore Index dipped 18 cents to $177.59 per tonne.
The Platts 62-percent index IODBZ00-PLT stood unchanged at $177.5 per tonne.
Singapore Exchange-cleared iron ore swaps <0#SGXIOS:> fell across the board on Tuesday, reflecting investors' continued worries over the European and U.S. downturn.
The volume of iron ore swaps cleared globally rose to an all-time high of more than 4 million tonnes in July, valued at more than $700 million. The bulk of that, or 3.92 million tonnes, was cleared by the Singapore Exchange.
The Singapore Mercantile Exchange will launch its iron ore futures contract on Friday, the second in the world after India launched the world's first in January, providing another tool for steel mills and iron ore producers to hedge the steelmaking raw material.
The contract, open to global investors and settled in U.S. dollars, will be cash-settled against Metal Bulletin's iron ore index .IO62-CNO=MB. ($1 = 6.431 Chinese yuan)
Thursday, March 3, 2011
Tianjin imported iron ore market remains weak
Thursday, 03 Mar 2011
It is reported that imported iron ore market in Tianjin remains weak with thin enquiries and slim transactions. With the sharp plunge in imported iron ore futures market and steel market, most traders are not so upbeat on market outlook in the coming days.
Strong wait-and-see attitudes dominate the market. Currently, 63.5% Indian fines at Tianjin port is settled at CNY 1370 per tonne to CNY 1380 per tonne, PB fines is quoted at CNY 1300 per tonne to CNY 1310 per tonne, 58% Indian fines goes at CNY 1050 per tonne to CNY 1070 per tonne.
Most steel mills’ buying interests are weak and they adopt wait-and-see attitudes. A handful of small and medium steel mills expressed that they might purchase next week, as they only hold few stocks. India announced on Monday a uniform 20% increase on export duties for iron fines and lumps. Impacted by the tax hike, offers from miners reduce with some suspending offers. Most steel mills prefer to purchase spot cargoes currently.(sourced:mysteel)
Strong wait-and-see attitudes dominate the market. Currently, 63.5% Indian fines at Tianjin port is settled at CNY 1370 per tonne to CNY 1380 per tonne, PB fines is quoted at CNY 1300 per tonne to CNY 1310 per tonne, 58% Indian fines goes at CNY 1050 per tonne to CNY 1070 per tonne.
Most steel mills’ buying interests are weak and they adopt wait-and-see attitudes. A handful of small and medium steel mills expressed that they might purchase next week, as they only hold few stocks. India announced on Monday a uniform 20% increase on export duties for iron fines and lumps. Impacted by the tax hike, offers from miners reduce with some suspending offers. Most steel mills prefer to purchase spot cargoes currently.(sourced:mysteel)
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