Saturday, 18 Feb 2012
Bloomberg reported that iron ore dropped for a seventh day, the longest losing run in more than three months, as the biggest consumer China may slow buying because of increased stockpiles.
Data from The Steel Index showed that ore with 62% iron content at the Chinese port of Tianjin fell 1.6% to USD 137.40 per metric tonne on February 17th 2012. Prices last had a losing run that long in the period ended Oct. 28.
Mr Daniel Hynes director of commodity research at Citigroup Inc in Sydney said that “They’re certainly not as aggressive as we’ve come to expect at this time of year.”
He said that a price rally late last year may have been down to re stocking.
According to data from Mysteel.com, inventories at 30 Chinese ports totaled 100.21 million tonnes last week, about 32% more than a year earlier. Steel demand in China normally increases after the weeklong Lunar New Year holidays as construction resumes. The break ended on January 29 this year.
(Sourced from Bloomberg)
Showing posts with label Iron ore stocks at China ports. Show all posts
Showing posts with label Iron ore stocks at China ports. Show all posts
Saturday, February 18, 2012
Friday, February 10, 2012
Iron ore stocks at Chinese ports approaching alarm line
Friday, 10 Feb 2012
Mr Zhang Chunliang scheduler from Dalian Port Ore Terminal Company Limitev said that iron ore piled at docks in Dalian Port can be seen everywhere, most of which are shipped from Brazil and Australia. Although current capacities are approaching the alarm level, more ships are on the way.
Mr Zhang said that mills and traders usually take cargos away soon after unloading. Impacted by gloomy downstream demand since last year, there is an obvious slowdown in taking deliveries. They had loading and unloading of around 2.5 million tonnes in January 2011 but the figure has now fallen to 1.6 million tonnes in this January.
He said that this is not the only case many other ports in China are also facing full yards. Period of storage of some cargos even exceed half a year, versus the normal three months.
Up to February 3rd 2012, iron ore inventory at 36 Chinese ports totaled around 99.15 million tonnes. Most traders say demand for spot port will improve this week but are only cautiously optimistic over the question if prices will step up adding mills are seeing deficit, downstream steel consuming industries are slowing down and large rises will be confined by sizable port inventories.
(Source: www.steelhome.cn/en)
Mr Zhang Chunliang scheduler from Dalian Port Ore Terminal Company Limitev said that iron ore piled at docks in Dalian Port can be seen everywhere, most of which are shipped from Brazil and Australia. Although current capacities are approaching the alarm level, more ships are on the way.
Mr Zhang said that mills and traders usually take cargos away soon after unloading. Impacted by gloomy downstream demand since last year, there is an obvious slowdown in taking deliveries. They had loading and unloading of around 2.5 million tonnes in January 2011 but the figure has now fallen to 1.6 million tonnes in this January.
He said that this is not the only case many other ports in China are also facing full yards. Period of storage of some cargos even exceed half a year, versus the normal three months.
Up to February 3rd 2012, iron ore inventory at 36 Chinese ports totaled around 99.15 million tonnes. Most traders say demand for spot port will improve this week but are only cautiously optimistic over the question if prices will step up adding mills are seeing deficit, downstream steel consuming industries are slowing down and large rises will be confined by sizable port inventories.
(Source: www.steelhome.cn/en)
Tuesday, February 7, 2012
Iron Ore-Spot seen ticking higher, China steel eyed
Tuesday, 07 February 2012
Iron ore may extend modest gains this week as more Chinese steel producers return to the spot market to stock up, but a sluggish domestic steel market is likely to cap any gains in price.Chinese steel prices have been largely steady so far this year with activity in the domestic construction sector, a heavy steel user, yet to fully resume.
"Construction activity is still low because it's still winter in the northern part of China and we only expect steel demand to return later this month or in March," said a Shanghai-based iron ore trader.Mirae Asset Securities said it was keeping its "underweight" stance on China's steel sector this year, particularly the large state-owned steel mills."The structural driver of steel demand - urbanization - remains a valid long-term call, but it may halt in 2012 if the central government continues its crackdown on house prices," the brokerage said in a note.
China's slack steel demand meant a slow start for iron ore this year, which gained a modest 3.5 percent versus a more than 12 percent rise for copper, another key construction material.The most-traded May rebar contract on the Shanghai Futures Exchange has risen 3 percent so far this year, closing nearly flat at 4,330 yuan ($690) a tonne on Monday.Iron ore with 62 percent iron content rose 0.1 percent to $143.30 a tonne on Friday, according to the Steel Index, its highest level since Nov. 22.
"Iron ore prices could rise further this week with some more mills going back to the market and traders taking positions," said the Shanghai trader.Offer prices for Australian ore in China rose by at least a dollar on Monday, with 61.5-grade Pilbara iron ore fines quoted at $142-$144 a tonne, cost and freight, and 58-grade Yandi fines at $130-$132, said industry consultancy Umetal. Indian 63.5/63-grade fines were offered at $148-$151 a tonne, up $2 from Friday, said Umetal.
Traders are eyeing another tender by global miner BHP Billiton due to close later on Monday, particularly with prices moving higher at recent tenders.BHP last sold Yandi fines at $130.5 a tonne, C&F on Friday, up from $130 on Thursday, traders said.But a sizeable amount of iron ore at Chinese ports, which is readily available and which buyers can buy in smaller tonnages unlike fresh spot cargoes, may limit appetite for more imports, traders said.
Stockpiles of imported iron ore at major Chinese ports reached 101.49 million tonnes last week, with shipments from the three biggest exporters -- Australia, Brazil and India -- rising, Chinese consultancy Mysteel said on Friday. (sourced Reuters)
Iron ore may extend modest gains this week as more Chinese steel producers return to the spot market to stock up, but a sluggish domestic steel market is likely to cap any gains in price.Chinese steel prices have been largely steady so far this year with activity in the domestic construction sector, a heavy steel user, yet to fully resume.
"Construction activity is still low because it's still winter in the northern part of China and we only expect steel demand to return later this month or in March," said a Shanghai-based iron ore trader.Mirae Asset Securities said it was keeping its "underweight" stance on China's steel sector this year, particularly the large state-owned steel mills."The structural driver of steel demand - urbanization - remains a valid long-term call, but it may halt in 2012 if the central government continues its crackdown on house prices," the brokerage said in a note.
China's slack steel demand meant a slow start for iron ore this year, which gained a modest 3.5 percent versus a more than 12 percent rise for copper, another key construction material.The most-traded May rebar contract on the Shanghai Futures Exchange has risen 3 percent so far this year, closing nearly flat at 4,330 yuan ($690) a tonne on Monday.Iron ore with 62 percent iron content rose 0.1 percent to $143.30 a tonne on Friday, according to the Steel Index, its highest level since Nov. 22.
"Iron ore prices could rise further this week with some more mills going back to the market and traders taking positions," said the Shanghai trader.Offer prices for Australian ore in China rose by at least a dollar on Monday, with 61.5-grade Pilbara iron ore fines quoted at $142-$144 a tonne, cost and freight, and 58-grade Yandi fines at $130-$132, said industry consultancy Umetal. Indian 63.5/63-grade fines were offered at $148-$151 a tonne, up $2 from Friday, said Umetal.
Traders are eyeing another tender by global miner BHP Billiton due to close later on Monday, particularly with prices moving higher at recent tenders.BHP last sold Yandi fines at $130.5 a tonne, C&F on Friday, up from $130 on Thursday, traders said.But a sizeable amount of iron ore at Chinese ports, which is readily available and which buyers can buy in smaller tonnages unlike fresh spot cargoes, may limit appetite for more imports, traders said.
Stockpiles of imported iron ore at major Chinese ports reached 101.49 million tonnes last week, with shipments from the three biggest exporters -- Australia, Brazil and India -- rising, Chinese consultancy Mysteel said on Friday. (sourced Reuters)
Tuesday, January 10, 2012
Pre Chinese New Year iron ore restocking remains limited
Tuesday, 10 Jan 2012
Reuters reported that thin demand for steel is limiting buying interest among the Chinese for raw material iron ore before the week long holiday that starts on January 23.
In the past years Chinese mills have aggressively stocked up iron ore ahead of the annual holiday and lifting spot iron ore prices strongly during the period.
The Shanghai trader said "There's some restocking activity but it's limited. Most of our clients are still hesitating to purchase too much raw material because the steel market is not that encouraging."
Chinese consultancy Umetal said offer prices for imported iron ore in China were mostly steady on Monday with Australian Pilbara fines at USD 139 a tonne to USD 141 a tonne and Yandi fines at USD 126 per tonne to USD 128 a tonne including cost and freight.
Umetal said Indian 63.5/63-grade fines were quoted at USD 145 to USD 147 a tonne.
(Sourced from Reuters)
Reuters reported that thin demand for steel is limiting buying interest among the Chinese for raw material iron ore before the week long holiday that starts on January 23.
In the past years Chinese mills have aggressively stocked up iron ore ahead of the annual holiday and lifting spot iron ore prices strongly during the period.
The Shanghai trader said "There's some restocking activity but it's limited. Most of our clients are still hesitating to purchase too much raw material because the steel market is not that encouraging."
Chinese consultancy Umetal said offer prices for imported iron ore in China were mostly steady on Monday with Australian Pilbara fines at USD 139 a tonne to USD 141 a tonne and Yandi fines at USD 126 per tonne to USD 128 a tonne including cost and freight.
Umetal said Indian 63.5/63-grade fines were quoted at USD 145 to USD 147 a tonne.
(Sourced from Reuters)
Friday, December 30, 2011
China imported iron ore stocks down in wk ending Dec 30
Fri Dec 30, 2011
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
Sunday, November 13, 2011
China imported iron ore stocks up 1.5 pct in week ending Nov 11
Sunday, 13 November 2011
Inventories of imported iron ore at major Chinese ports rose 1.5 percent this week to end at 96.3 million tonnes, up for the fourth consecutive week, data from industry consultancy Mysteel showed on Friday.
Shipments from India, which has imposed a ban on large-scale mining and exports from the world's third-largest iron ore producer, fell around 2 percent from last week, as the higher freight rates and export duties also discouraged exports.
Following is a table showing iron ore port stock movements in the last seven days.
Country of Stockpiles Change (%) origin (mln T) Total 96.30 +1.5
Australia 43.13 +3.8
Brazil 22.82 +0.3
India 10.87 -2.1
Source: Reuters
Inventories of imported iron ore at major Chinese ports rose 1.5 percent this week to end at 96.3 million tonnes, up for the fourth consecutive week, data from industry consultancy Mysteel showed on Friday.
Shipments from India, which has imposed a ban on large-scale mining and exports from the world's third-largest iron ore producer, fell around 2 percent from last week, as the higher freight rates and export duties also discouraged exports.
Following is a table showing iron ore port stock movements in the last seven days.
Country of Stockpiles Change (%) origin (mln T) Total 96.30 +1.5
Australia 43.13 +3.8
Brazil 22.82 +0.3
India 10.87 -2.1
Source: Reuters
Friday, November 11, 2011
Imported iron ore stocks continue to rise in Chinese ports
Friday, 11 Nov 2011
According to Xinhua latest iron ore price report stockpiles at 25 major ports in China rose 0.69%WoW to 98.43 million tonnes in the week ending November 7.
The price index for 63.5% grade iron ore imports rebounded 2.3% to 131 points in the week after tumbling 13.5% the previous week. The index for 58% grade imports bounced 2.97% to 104 in the week. It lost 7.3% in the previous week.
Xinhua analysts said in the latest iron ore report that a wait andsee approach was prevalent among Chinese steel manufacturers and iron ore traders whose purchasing prices were much higher than the current price on the spot market.
Imported iron ore prices dropped nearly 30% in China in October hitting the lowest level this year amid weaker demand due to the government tightening measures. Seeking new pricing models, the China Iron and Steel Association is now in talks with major international iron ore suppliers Rio Tinto, BHP and Vale.
The report said before Chinese steelmakers reach new agreements with the mining giants on pricing, trading of iron ore will remain weak because it is unlikely for them to significantly increase their buying. It added that current inventory levels can last for one to two months for Chinese steelmakers.
(sourced from Xinhua)
According to Xinhua latest iron ore price report stockpiles at 25 major ports in China rose 0.69%WoW to 98.43 million tonnes in the week ending November 7.
The price index for 63.5% grade iron ore imports rebounded 2.3% to 131 points in the week after tumbling 13.5% the previous week. The index for 58% grade imports bounced 2.97% to 104 in the week. It lost 7.3% in the previous week.
Xinhua analysts said in the latest iron ore report that a wait andsee approach was prevalent among Chinese steel manufacturers and iron ore traders whose purchasing prices were much higher than the current price on the spot market.
Imported iron ore prices dropped nearly 30% in China in October hitting the lowest level this year amid weaker demand due to the government tightening measures. Seeking new pricing models, the China Iron and Steel Association is now in talks with major international iron ore suppliers Rio Tinto, BHP and Vale.
The report said before Chinese steelmakers reach new agreements with the mining giants on pricing, trading of iron ore will remain weak because it is unlikely for them to significantly increase their buying. It added that current inventory levels can last for one to two months for Chinese steelmakers.
(sourced from Xinhua)
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)
Thursday, August 18, 2011
Iron Ore-Spot prices extend gains, more Australian cargoes
Thu Aug 18, 2011
* BHP Billiton sells more spot cargoes, Rio ups offer
* Firmer China steel prices supporting iron ore restocking
* Rio says to resume normal ops at two Australia mines
By Manolo Serapio Jr
SINGAPORE, Aug 18 (Reuters) - Spot iron ore prices gained more ground on Thursday as increased steel output prodded Chinese mills to restock with Australian cargoes seeing brisk demand amid limited Indian supplies.
Mills in China, the world's No. 1 steel producer, made 1.9419 million tonnes of crude steel a day in the first 10 days of August, up 0.4 percent from the July 21-31 period, the China Iron and Steel Association said on Wednesday.
Daily output has stayed above 1.9 million tonnes since late February, compared to an average of about 1.7 million tonnes last year, as Chinese mills make more steel to keep up with strong demand from its construction sector.
Anglo-Australian miner BHP BillitonReuters)
* BHP Billiton sells more spot cargoes, Rio ups offer
* Firmer China steel prices supporting iron ore restocking
* Rio says to resume normal ops at two Australia mines
By Manolo Serapio Jr
SINGAPORE, Aug 18 (Reuters) - Spot iron ore prices gained more ground on Thursday as increased steel output prodded Chinese mills to restock with Australian cargoes seeing brisk demand amid limited Indian supplies.
Mills in China, the world's No. 1 steel producer, made 1.9419 million tonnes of crude steel a day in the first 10 days of August, up 0.4 percent from the July 21-31 period, the China Iron and Steel Association said on Wednesday.
Daily output has stayed above 1.9 million tonnes since late February, compared to an average of about 1.7 million tonnes last year, as Chinese mills make more steel to keep up with strong demand from its construction sector.
Anglo-Australian miner BHP Billiton
Saturday, August 13, 2011
China port iron ore stocks fall in week ending Aug 12
Aug12, 2011
Beijing (Reuters) - Stockpiles of imported iron ore at major Chinese ports slipped 0.6 percent this week to end at 94.74 million tonnes, according to data from industry consultancy Mysteel on Friday. Volumes from Brazil increased over the week, but were offset by a fall in deliveries from Australia and India.
Beijing (Reuters) - Stockpiles of imported iron ore at major Chinese ports slipped 0.6 percent this week to end at 94.74 million tonnes, according to data from industry consultancy Mysteel on Friday. Volumes from Brazil increased over the week, but were offset by a fall in deliveries from Australia and India.
Following is a table showing iron ore port stock movements
in the last seven days.
Country of origin Stockpiles Change
(mln T) (%)
Total 94.74 -2.6
Australia 38.01 -0.7
Brazil 23.21 +3.9
India 13.60 -1.2
Source: Mysteel
Monday, July 18, 2011
Iron Ore-Shanghai rebar hits over 2-mth high, ore firm
Mon Jul 18, 2011
* Construction boom buoys Chinese steel prices
* Inventories of long products fell last week
* Iron ore indexes highest since May on restocking
By Ruby Lian and Manolo Serapio Jr
* Construction boom buoys Chinese steel prices
* Inventories of long products fell last week
* Iron ore indexes highest since May on restocking
By Ruby Lian and Manolo Serapio Jr
SHANGHAI/SINGAPORE, July 18 (Reuters) - Chinese steel futures rose more than 1 percent to their highest in more than two months on Monday, as demand for long steel products remained solid amid a busier construction sector, pushing up iron ore indexes to their loftiest since May.
The most active October rebar contract on the Shanghai Futures Exchange rose as high as 4,925 yuan per tonne, a level not seen since May 5, before trimming gains to 4,909 yuan by the midday break, but standing up 0.8 percent.
The price of rebar, mainly used for construction, could continue to track higher in the next few weeks, as China accelerates construction of affordable housing units to ease asset prices and boost infrastructure in western regions.
"Traders are upbeat on rebar prices this summer and expect a rise ranging between 100 yuan and 200 yuan per tonne by the end of August," said a steel trader in Shanghai.
"We don't have any big concerns on fundamentals for rebar prices now, and all we can see is the country is quickening its urbanization and social housing project."
Makers of long steel products in China, the world's top producer, have boosted the utilisation rate of plants to above 95 percent, according to market estimates, to cash in on strong steel demand and prices.
"Inventories fell a lot last week, propping up investors' confidence that demand remained quite solid," said Wu Wenan, an analyst with HNA Topwin Futures.
Inventories of rebar in major cities in China fell by 135,820 tonnes on Friday from a week earlier, and wire rod dropped by 41,390 tonnes, data from industry consultancy Mysteel showed.
RESTOCKING BUOYS IRON ORE
Rising steel prices and output bode well for iron ore prices, driving up global indexes to their highest in nearly two months.
"Chinese steel mills might continue to restock iron ore this week while steel prices perform very well, which will keep iron ore prices firm," said an iron ore trader in eastern China's Shandong province.
Quotes for Australian 62-grade Newman iron ore fines rose by a dollar from Friday to $179-181 a tonne, including freight, said Chinese consultancy Umetal.
Spot offers for Indian 63.5/63-grade ore remained firm at $182-$184 a tonne.
Metal Bulletin's 62-percent iron ore index .IO62-CNO=MB edged up 99 cents to $174.06 a tonne on Friday, its highest since May 24, and The Steel Index's benchmark .IO62-CNI=SI rose half a dollar to $174.60 a tonne, a level not seen since May 19.
Iron ore swaps <0#SGXIOS:> continued to fall after recent sharp gains.
The Singapore Exchange-cleared July contract fell 81 cents to $172.19 a tonne, August dipped 87 cents to $170.13 and September declined $1.02 to $168.31.
The most active October rebar contract on the Shanghai Futures Exchange rose as high as 4,925 yuan per tonne, a level not seen since May 5, before trimming gains to 4,909 yuan by the midday break, but standing up 0.8 percent.
The price of rebar, mainly used for construction, could continue to track higher in the next few weeks, as China accelerates construction of affordable housing units to ease asset prices and boost infrastructure in western regions.
"Traders are upbeat on rebar prices this summer and expect a rise ranging between 100 yuan and 200 yuan per tonne by the end of August," said a steel trader in Shanghai.
"We don't have any big concerns on fundamentals for rebar prices now, and all we can see is the country is quickening its urbanization and social housing project."
Makers of long steel products in China, the world's top producer, have boosted the utilisation rate of plants to above 95 percent, according to market estimates, to cash in on strong steel demand and prices.
"Inventories fell a lot last week, propping up investors' confidence that demand remained quite solid," said Wu Wenan, an analyst with HNA Topwin Futures.
Inventories of rebar in major cities in China fell by 135,820 tonnes on Friday from a week earlier, and wire rod dropped by 41,390 tonnes, data from industry consultancy Mysteel showed.
RESTOCKING BUOYS IRON ORE
Rising steel prices and output bode well for iron ore prices, driving up global indexes to their highest in nearly two months.
"Chinese steel mills might continue to restock iron ore this week while steel prices perform very well, which will keep iron ore prices firm," said an iron ore trader in eastern China's Shandong province.
Quotes for Australian 62-grade Newman iron ore fines rose by a dollar from Friday to $179-181 a tonne, including freight, said Chinese consultancy Umetal.
Spot offers for Indian 63.5/63-grade ore remained firm at $182-$184 a tonne.
Metal Bulletin's 62-percent iron ore index .IO62-CNO=MB edged up 99 cents to $174.06 a tonne on Friday, its highest since May 24, and The Steel Index's benchmark .IO62-CNI=SI rose half a dollar to $174.60 a tonne, a level not seen since May 19.
Iron ore swaps <0#SGXIOS:> continued to fall after recent sharp gains.
The Singapore Exchange-cleared July contract fell 81 cents to $172.19 a tonne, August dipped 87 cents to $170.13 and September declined $1.02 to $168.31.
Saturday, February 19, 2011
China port iron ore stocks fall to 79.97 mln Tons this week
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
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
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