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Three major mines return to the negotiating table, the Steel Association wants to push the new pricing mechanism of iron ore
Recently, the price of iron ore at home and abroad has fallen sharply, which has slightly loosened the domestic steel industry with tight prices. At the same time, as the price of iron ore falls, iron ore pricing is expected to see new "rules of the game." Iron ore prices "face" For the domestic steel industry, the price of iron ore has always been the biggest obstacle to cost. However, this obstacle has been "loose" recently. According to reports, yesterday, the current iron ore cargo to drop in price since the 2009 low, the latest offer 130 US dollars / ton, from this year's high of $ 190 / ton fallen by $ 60 / ton. Among them, Carlos Martin, CEO of Vale, the world's largest iron ore giant, revealed that the price of Vale's iron ore port exports to the Chinese market has dropped back to $120/ton, down from the offer at the beginning of 2010. 30%. According to the Shanghai Securities News, Ma Guoqiang, general manager of Baosteel Co., Ltd. said yesterday that starting from October this year, the spot price of iron ore has dropped significantly, which is the price return determined by the supply and demand relationship. From the current international environment and domestic policy orientation, the price "should be an inflection point." The three major mines returned to the negotiating table According to the Economic Information Daily, Zhang Changfu, vice president and secretary-general of China Iron and Steel Association, said that on October 31, the "2011 China Steel Association's fourth information conference, and the third of 2009 The strong attitude of the big mine collective " sweet covenant " is very different. The three major mines have been very sincere and have put forward their attitudes and assumptions many times. Zhang Changfu said in an interview that the two sides are currently in the discussion stage, including the price of the order. Whether the standard refers to the index or the spot, whether the order cycle is a quarter or a half year, a year, or a broader trading platform, etc., is still under discussion and has not really started negotiations. However, from the "strong From the price increase to the "active price reduction", from the "collective cool" to the "friendship", behind the transformation of the three major mines, the reality of the reversal of the iron ore market. The China Iron and Steel Association re-push the pricing mechanism , the Steel Association revealed that At present, foreign mines are in wide contact with customers for negotiation. On the basis of the current price agreed by the supply and demand sides, the three major mines have proposed new pricing. But if the trip also takes a long time. "Discussions focused on iron ore pricing standard reference index or reference spot pricing cycle is quarterly, half a year or a year and other models. At present, there are many voices in the international community, demanding the establishment of a broader trading platform. Various programs are currently under discussion. The person said frankly. When did the iron ore profit end? Although the iron ore prices have fallen, the attitudes of the three major mines have changed, but it is worth noting that the short-term plunge does not mean that our supply and demand relationship has already occurred. Fundamental changes, we also need to pay attention to whether the price will rebound in the future. In addition, with the large participation of financial capital, the price fluctuation of the iron ore spot market is more obvious. In addition, in the case of full spot, the three major mines The control of the iron ore market will be further strengthened. From this perspective, the fall in the price of minerals can be described as “satisfactory†for Chinese steel companies. After all, domestic steel companies have been in a weak position for a long time in the confrontation with the three major mines, how can they change? The weakness of domestic steel enterprises, the end of the iron ore profits?