China Steel Association said that the annual negotiations on iron ore have started the mine hope for monthly pricing
2024-08-01 07:00:58
Not disclosed as annual price or quarterly price; China’s import of iron ore in the first nine months increased by 130.3 billion yuan
Luo Bingsheng, executive vice president of China Iron and Steel Association, said on October 29 that the international iron ore price negotiations in the next year have started, but did not disclose whether the content of the negotiations is the annual price or the quarterly price.
According to Reuters, Luo Bingsheng said at the press conference of the China Iron and Steel Association that it has entered the annual price negotiation period, and the supply and demand sides have already conducted certain exchanges and contacts.
Since the beginning of this year, due to the spot price of iron ore far exceeding last year's benchmark price, Brazilian iron ore merchants Vale (VALE), Australia's BHP Billiton (BHP) and Rio Tinto (RIO) have all expressed their abandonment of the annual pricing mechanism in April. Quarterly pricing. The three major mines have indicated that they hope to sign a monthly iron ore pricing agreement with China. At present, Chinese steel companies purchase iron ore at temporary prices.
China Steel Association data show that in the first nine months of this year, a total of 45.76 million tons of iron ore were imported, although the year-on-year decrease of 11.53 million tons, but the average CIF price increased by 43.84 US dollars / ton, to 121.7 US dollars / ton, an increase of 56.31 %, so the total import value rose to 55.589 billion US dollars, an increase of 19.162 billion US dollars, equivalent to about 130.3 billion yuan.
In September, domestic large and medium-sized steel enterprises realized a profit of 5.822 billion yuan, a decrease of 20.25% over the same period of the previous year. In the first nine months, out of 77 large and medium-sized enterprises, 10 losses were made, and the loss amounted to 2.39 billion yuan.
Luo Bingsheng, executive vice president of China Iron and Steel Association, said on October 29 that the international iron ore price negotiations in the next year have started, but did not disclose whether the content of the negotiations is the annual price or the quarterly price.
According to Reuters, Luo Bingsheng said at the press conference of the China Iron and Steel Association that it has entered the annual price negotiation period, and the supply and demand sides have already conducted certain exchanges and contacts.
Since the beginning of this year, due to the spot price of iron ore far exceeding last year's benchmark price, Brazilian iron ore merchants Vale (VALE), Australia's BHP Billiton (BHP) and Rio Tinto (RIO) have all expressed their abandonment of the annual pricing mechanism in April. Quarterly pricing. The three major mines have indicated that they hope to sign a monthly iron ore pricing agreement with China. At present, Chinese steel companies purchase iron ore at temporary prices.
China Steel Association data show that in the first nine months of this year, a total of 45.76 million tons of iron ore were imported, although the year-on-year decrease of 11.53 million tons, but the average CIF price increased by 43.84 US dollars / ton, to 121.7 US dollars / ton, an increase of 56.31 %, so the total import value rose to 55.589 billion US dollars, an increase of 19.162 billion US dollars, equivalent to about 130.3 billion yuan.
In September, domestic large and medium-sized steel enterprises realized a profit of 5.822 billion yuan, a decrease of 20.25% over the same period of the previous year. In the first nine months, out of 77 large and medium-sized enterprises, 10 losses were made, and the loss amounted to 2.39 billion yuan.
The oil bath can be controlled by microcomputer with high precision, which is accurate and reliable. It is used for precise constant temperature and auxiliary heating in colleges and universities, industrial and mining enterprises and scientific research institutes.
Oil bath,Digital display constant temperature tank,Circulating oil bath
Zenith Lab (Jiangsu) Co.,Ltd , https://www.zenithlabo.com