Imported ore price rise to $141 / ton

Track global iron ore spot prices Argus ICX index, from the end of may fall below $110 a tonne after bottoming out, spot iron ore prices remained floating on the upward trend, up nearly 30%; Since August, 62% platts iron ore price index, from the beginning of $129.75 / ton, up to $142.5 / ton, up nearly 9%. In late July, platts index 62% grade iron ore which has topped $131 / ton price, compared to early July rose 13%, and 6.73% higher 180 degree elbow pipe fitting asme b16.9 steel elbow than that of steel prices rose.

According to data on August 15, import ore prices continue to rebound, the price of pink of 61.5% PB in Australia has risen to $141 / ton, record five months.Have, according to the analysis in the second quarter of 2012 to the first quarter of 2012 real estate nokias lagged effect, high-frequency ERW carbon steel tube in 2012 the government approved the construction of infrastructure projects have started, and promote the rise in steel consumption, and promote the increase in demand for iron ore.

Analysts believe that with the volume increase, before the "golden nine silver ten" the traditional peak season, steel mills for library makes iron ore inventory decline further.Essence securities, according to the relevant data with deterioration in February after demand, ASME B16.9 Butt Welded reducing tee steel mills big clean up iron ore raw material inventory, domestic large and medium-sized steel mills imported iron ore the average inventory available days from its peak in 37 days to a low of 25 days.

Statistics show that as of August 16, tangshan region steel imports ore inventories fell by 500000 tons to 500000 tons, domestic ore inventories fell 50000 tons to 400000 tons.
A hebei tangshan trader told the daily economic news "reporter said, with demand rebound, original inventory is not much steel began to restock, will result in ore prices continue to rise.

In liaoning province, according to data on August 16, 66% iron essence pink ex-factory price 10 yuan to 970 yuan/ton, anhui area 65% iron essence pink ex-factory prices rose 60 yuan to 1080 yuan/ton.