September , the domestic steel market continues to fall in late August market . Although the steel market throughout September performance is not satisfactory, but the imported ore prices still remain at a high level $ 130 / ton . Another noteworthy that , according to the General Administration of Customs data show that in September 2013 , China imported 74.58 million tons of iron ore and concentrates , up 5.57 million tons , an increase of 14.72% , the highest single-month record high .
Well-known steel information organizations Analysts said the huge iron ore imports explains Why ore prices firm, while the lack of resources makes the spot market for iron ore imports expanded again .
Since late August, and throughout September , domestic steel prices Yindie constantly . According to steel composite index , as of the end of September , steel composite index from August highs of 3 percentage points. Summary of spot prices in major cities from the perspective of all varieties have different magnitudes , the data show , 20mmHRB400 rebar national average price fell 171 yuan / ton , 6.5mmHPB300 high line national average price fell 130 yuan / ton.
Also to note is that month, the poor situation of China's steel exports , the Customs Department data show that in September 2013 China's steel exports 4.92 million tons , mom dropped significantly by 19.9 %.
Although the domestic steel market continued Yindie export less than ideal, but the month iron ore market is still showing a dash of color. It imported ore price index showed that 62 % grade iron ore fines in Australia , in September the average price of 133.83 U.S. dollars / ton , the average price is only slightly higher than in August dropped $ 2.68 / t .
In addition, imports of iron ore rapid growth in the month . Customs data show that in September 2013 , China imported 74.58 million tons of iron ore and concentrates , up 5.57 million tons , an increase of 14.72% , again in July this year after a record monthly high .
Research Center Wang Zhou pointed out that " some of the imported high volume of imported ore price innovation answered why the $ 130 / t strong ."
For the re- expansion of imports of iron ore , said Wang Yizhou , Indian ore imports this year, a marked decline , while imports of Brazilian ore in the first half also shrinking due to the port and transport disruption caused by hurricanes and other weather problems .
At the same time , this year, the production capacity of the steel industry still has last release , crude steel production has been maintained at a high level , remaining rigid demand for iron ore . Although the planned mine expansion abroad , but the speed of the individual enterprise smooth delivery of goods , the supply of iron ore and orderly release .
In addition , iron ore analyst Chen Zhenxing also said that this year, less than the spot iron ore resources are frequent , and most of the steel mills still needs supplemental cash resources , to a certain extent, an increase of imported iron ore .
According to the country's 40 major ports iron ore inventory statistics show that as of October 11 , the total inventory of 76.52 million tons of iron ore . Historical data also shows that this year, iron ore port stocks maintained at 75 million tons less than in 2012 dropped significantly , and in February 2012 iron ore port stocks had topped 100 million tons mark.
Wang Yizhou that this year China imported ore stocks decrease compared to last year , resource constraints resulting in the downstream rigid replenishment needs not only quickly pulled the market price also increased imports.
