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Force pictures says demand of Chinese iron ore glides bring stock of global mini
From;    Author:Stand originally

On October 15, CEO of develop of force of iron ore tycoon discloses, demand of Chinese iron ore glides force force develop to amend outspread plan. This action caused stock of global mining industry drop considerably.

Force pictures shows, china will put delay to near future of iron ore demand, with the increase rate photograph of 12% was compared last year, the economic growth this year will be little at 10% .

According to statistic of dispatches from foreign news agency, suffer modification dilate to plan an influence, on October 15, force develop share price steeps fall 17% , to 23.57 pound, a lot of lower than the competitor needs and needing animosity of develop total share buys the price of this group. Need and need develop share price dropped 15% , it ever put forward to need with every 3.4 and need develop stock trades share of develop of a force, but the closing quotation price of force develop needs only yesterday and need 2.57 times of develop. The closing quotation of group of flower beauty resources that London appears on the market drops 20% . Rich when index of 350(FTSE 350) mining industry dropped that day 17.3% .

Enter 2008, iron ore price is mind of Chinese steel look forward to all the time the biggest painful. In July 2008, chinese steel look forward to is forced to accept force develop iron ore to rise in price requirement, mine of the PB pink mine of force develop, Yang Di pink is mixed PB piece mine is in rose respectively on the foundation 2007 79.88% , 79.88% with 96.5% ; Return subsequently with need and need develop signs iron ore to rise in price agreement, need and need mine of the Newmann pink mine of develop, Yang Di pink is mixed mine of Newmann piece will be in rose respectively on the foundation 2007 79.88% , 79.88% , 96.5% . River valley of Brazilian fresh water will raise price to Chinese client in September 20% .

Face iron ore 3 tycoons take turns rises in price, chinese steel look forward to is forced the affiliation saves oneself. In steel assist more strong make known one's position, current market condition also decided Chinese steely undertaking is impossible to accept iron ore any rising in price requirement.

Occupy data of statistic of steely industry net additionally, on October 9, brazil reachs China (boreal logical sequence / treasure mountain) marine cost quoted price is 25.283 dollars / ton, australia reachs China (boreal logical sequence / treasure mountain) marine cost is 11 dollars / ton. Relatively when highest peak of marine this year cost, brazil drops to sea freight of China 83.7 dollars / ton, fall amount to 76.80% ; Australia drops to sea freight of China 40 dollars / ton, fall amount to 78.43% .

Issue defeat as marine cost, bring about futures to drop to the cost of harbor, indirect ground is caused spot price drops and slow-moving, cause 7 years to come first mine of merchandise on hand and long assist mine price is hanged. Say according to the analysis, marine cost drops hopeful makes chip of negotiation of 2009 year iron ore.
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