On June 23, Rio Tinto, the world's second-largest iron ore producer, gave iron ore prices to Chinese steel mills in the third quarter. The FOB price of FOB (FOB) was US$168.85/ton, down US$2.5 from the second quarter. Tonne; the FOB price of lump ore in the third quarter was US$186.67/ton, down by US$5.91/ton from the second quarter. Qiu Yuecheng, a senior analyst at Xiben Shinkansen, said that the current inventory of iron ore in domestic ports is at a historically high level, and the release of domestic mine production is accelerating. In addition, the release rate of crude steel capacity in Europe and the United States is at a low level, the demand for iron ore is weak, and the price of iron ore in the later period is still There is a certain amount of downside.   Will iron ore prices meet the “turning point”? In fact, many senior steel companies in China, including Baosteel Group, have predicted that the iron ore supply and demand relationship may be reversed even earlier in 2015, the so-called “turning point”. Yesterday, Chen Kexin, a senior expert at the Lange Steel Information Research Center, said that there has been a “turning point theory” in the industry recently, saying that in the iron ore market within a few years, there will be a major turning point from the bull to the bear, which means “wind and water turn” At present, the tight supply of iron ore market will exceed supply in a few years, and the seller's market will change to the buyer's market pattern. At that time, the price of iron ore will also plummet. There are reasons for this. On June 22, Reuters reported that Vale turned to Italy for the largest dependence on the Chinese market because of its desire to get rid of its dependence on the Chinese market. According to analysis, the move is difficult to cover the recent sluggish iron ore market. The situation, the price of the mine should fall. Does the Rio Tinto offer callback mean “inflection point”? Chen Kexin said that the era of low prices for bulk commodities, including iron ore and crude oil, has long since ended. It is gone forever. The current "turning point theory" in the iron ore market is likely to be very different from the future. Chen Kexin said that according to the iron ore mining "first easy and then difficult" rule, the cost of iron ore production will increase; in addition, the exchange rate between the US dollar and the "commodity currency" will promote the international market iron ore price in dollar terms. And at present, resource taxes in all countries of the world have increased. In this regard, Zhang Lin, an iron ore analyst at Lange Steel Research Center, agrees that the cost of mining (iron ore) will be higher and higher in the future, whether it is the difficulty of mining or the intention of Australia to raise the mining tax. This makes its production costs rise. At present, countries such as Australia, India, Russia, and Vietnam generally increase resource taxation. The Australian iron ore resource tax has increased to 30% and Vietnam has increased to 40%. Chen Kexin said that the current domestic resource tax reform is being piloted and is expected to be implemented in the future. "In any case, China's demand is still in the past few years. At most, the new demand is slowing down, but the base is still very high." Zhang Lin said that at present, it is still too early for iron ore prices to meet the "turning point". Despite this, a senior executive of Xinyu Iron and Steel Group still believes that “the price of the mine will fall”. He told the Morning Post reporter that due to the "profiteering" of the three major mines in recent years, many enterprises have been attracted to invest in iron ore. After several years of new capacity is released, it is expected that the relationship between supply and demand will definitely improve in the next few years. The price of iron ore is not always high.  

Knee Guard

Knee Guard,Knee Protector ,Sports Knee Support ,Gel Knee Pads

Skiing & Skating Equipment Co., Ltd. , http://www.bodyarmor-rongyi.com