The quarterly pricing system for iron ore is moving further to full spot pricing. At the "China Steel Industry Association's third information conference in 2010", Luo Bingsheng, vice president of China Steel Association, said that the share of one of the three major mines in the Chinese market dropped significantly in June, which caused the company to attach great importance to imports. The supply and demand relationship of iron ore has changed. The China Securities Journal reporter learned from a number of steel mills that in addition to the flexible pricing of BHP Billiton, both Rio Tinto and Vale have a tendency to further flex the quarterly agreement price.
Close to BHP Billiton
"Now I am quarreling with foreigners when I go to work, or in English." The head of the ore of a steel mill in North China told the China Securities Journal that since the spot price of iron ore in the third quarter has been upside down, it has been almost every day. Arguing with the sales staff of the three major miners.
It is understood that in addition to BHP Billiton's flexible ore pricing mechanism, Rio Tinto and Vale's pricing are relatively certain. Vale uses the average price of the previous quarter that it has been advocating, and Rio Tinto reported to the domestic steel mills that the price of 61 grade BP powder in the third quarter was $145/ton. Regardless of the price of the agreement, even if the spot price of iron ore that has rebounded for two weeks is 145 US dollars / ton (August 3 Indian spot price), there is still a big spread, after all, the agreement price is added. Shipping costs ranging from $7-20/ton.
"If the pricing is not flexible, the steel mill can only drag and drop the goods." Another steel mill's international trade department said that because of the cooperation with BHP Billiton, you can choose the average price of the previous quarter, the average price of the season, the monthly price, and even a ship. The settlement of the spot price of a ship has caused the steel mills to be more willing to accept BHP Billiton products or to purchase directly in the spot market since the third quarter. On the other hand, for Rio Tinto and Vale, the domestic steel mills can be dragged down, which also led to the poor performance of the steel mills' agreement on the two miners since July.
Rio Tinto and Vale seem to be aware of this too. Some steel mills revealed that the pricing mechanism of the two miners is gradually moving closer to BHP Billiton, and plans to adopt a variety of pricing models to complete the sale of the agreement mine.
Supply and demand relationship changes
A set of data also shows the “crisis†faced by the three major miners in the domestic market. China Steel Association data show that in the first half of this year, China's imported iron ore increased by only 4.06% year-on-year, and the increase in imported iron ore decreased sharply. In addition, since the second quarter, the monthly volume of domestically imported iron ore has declined for the third consecutive month. Among them, the decline in April was 2.94%, which fell by 2.92% in May and fell by 14.72% in June.
On the other hand, the total amount of domestic iron ore has increased significantly. The domestic mine output in the first half of the year was 485 million tons, up 28.1% year-on-year. Domestic iron ore output increased by 37.61% in the second quarter compared with the first quarter. Luo Bingsheng said that the domestic iron ore data in the first half of the year showed that domestic iron ore can support the development needs of the Chinese steel industry.
He believes that in the first half of this year, due to the recovery of iron ore demand outside China, it still has not reached the level of the first half of 2008. It can be seen that the price increase of iron ore in the first half of this year depends on the support of Chinese demand. . “Now, the supply and demand relationship of iron ore has changed, and it is different from the situation at the beginning of the year.â€
At the same time, Luo Bingsheng also pointed out the three major drawbacks of the current iron ore index pricing: First, because the Singapore Platts Index is based on the 62-grade iron ore CIF price of Qingdao Port, and the index inquiry is based on the quotation. Rather than the final transaction price, this makes the index less representative, authoritative and scientific; second, the iron ore price is FOB, and the Platts index is the CIF price of Qingdao Port. It is necessary to deduct the sea freight rate according to the iron ore price of the index, and the volatility of the sea freight is very large, and there is also room for speculation; thirdly, the index pricing cannot reflect the simple trading principle of high quality and good price. He said that the iron ore supply and demand sides are still in the game stage, the differences still exist, what to replace the index, the domestic steel industry is still under consideration.
Type: SKL1, SKL3, SKL12, SKL14, etc
Surface: plain ( oil), black paint, color paint, zinc, hdg, etc
Rail pad
Raw material: EVA/Elastomer/Rubber
Surface: plain
Tie plate/ Rail base plate
Raw material: QT400-15, QT450-10, QT500-7, ZG25, ZG35, ZG45, etc
Surface: plain (oil)
Railway bolt
Grade: 4.6, 4.8, 5.6, 8.8, 10.9, 12.9, etc
Raw material: Q235, 35K, 45#, 40Mn2, 20MnSi, 35CrMo, 40Cr, 42CrMo, etc
Surface: plain (oil), zinc, hdg, black, etc
Plain washer/ Spring washer
Size: from 3/4-1, etc
Raw material: 65Mn, 60Si2Mn, 70#
Surface: black, zinc, hdg
Screw Spike/ Timber screw
Grade: 4.6, 5.6, 8.8
Raw material: Q235, 35K, 45#, 40Mn2, 20MnSi,
Surface: plain (oil), black, zinc, hdg, etc
Close to BHP Billiton
"Now I am quarreling with foreigners when I go to work, or in English." The head of the ore of a steel mill in North China told the China Securities Journal that since the spot price of iron ore in the third quarter has been upside down, it has been almost every day. Arguing with the sales staff of the three major miners.
It is understood that in addition to BHP Billiton's flexible ore pricing mechanism, Rio Tinto and Vale's pricing are relatively certain. Vale uses the average price of the previous quarter that it has been advocating, and Rio Tinto reported to the domestic steel mills that the price of 61 grade BP powder in the third quarter was $145/ton. Regardless of the price of the agreement, even if the spot price of iron ore that has rebounded for two weeks is 145 US dollars / ton (August 3 Indian spot price), there is still a big spread, after all, the agreement price is added. Shipping costs ranging from $7-20/ton.
"If the pricing is not flexible, the steel mill can only drag and drop the goods." Another steel mill's international trade department said that because of the cooperation with BHP Billiton, you can choose the average price of the previous quarter, the average price of the season, the monthly price, and even a ship. The settlement of the spot price of a ship has caused the steel mills to be more willing to accept BHP Billiton products or to purchase directly in the spot market since the third quarter. On the other hand, for Rio Tinto and Vale, the domestic steel mills can be dragged down, which also led to the poor performance of the steel mills' agreement on the two miners since July.
Rio Tinto and Vale seem to be aware of this too. Some steel mills revealed that the pricing mechanism of the two miners is gradually moving closer to BHP Billiton, and plans to adopt a variety of pricing models to complete the sale of the agreement mine.
Supply and demand relationship changes
A set of data also shows the “crisis†faced by the three major miners in the domestic market. China Steel Association data show that in the first half of this year, China's imported iron ore increased by only 4.06% year-on-year, and the increase in imported iron ore decreased sharply. In addition, since the second quarter, the monthly volume of domestically imported iron ore has declined for the third consecutive month. Among them, the decline in April was 2.94%, which fell by 2.92% in May and fell by 14.72% in June.
On the other hand, the total amount of domestic iron ore has increased significantly. The domestic mine output in the first half of the year was 485 million tons, up 28.1% year-on-year. Domestic iron ore output increased by 37.61% in the second quarter compared with the first quarter. Luo Bingsheng said that the domestic iron ore data in the first half of the year showed that domestic iron ore can support the development needs of the Chinese steel industry.
He believes that in the first half of this year, due to the recovery of iron ore demand outside China, it still has not reached the level of the first half of 2008. It can be seen that the price increase of iron ore in the first half of this year depends on the support of Chinese demand. . “Now, the supply and demand relationship of iron ore has changed, and it is different from the situation at the beginning of the year.â€
At the same time, Luo Bingsheng also pointed out the three major drawbacks of the current iron ore index pricing: First, because the Singapore Platts Index is based on the 62-grade iron ore CIF price of Qingdao Port, and the index inquiry is based on the quotation. Rather than the final transaction price, this makes the index less representative, authoritative and scientific; second, the iron ore price is FOB, and the Platts index is the CIF price of Qingdao Port. It is necessary to deduct the sea freight rate according to the iron ore price of the index, and the volatility of the sea freight is very large, and there is also room for speculation; thirdly, the index pricing cannot reflect the simple trading principle of high quality and good price. He said that the iron ore supply and demand sides are still in the game stage, the differences still exist, what to replace the index, the domestic steel industry is still under consideration.
Main components:
2 Rail clip
2 T bolts with hex nut and Washers
4 Sleeper screw
4 Lock washers
4 Plastic Inserts
1 Rail pad
2 Insulator
1 Vibration absorber
1 Resilient sole pad
Components description:
W type Rail Elastic Clip/ SKL clip
Raw material: 60Si2CrA, 38Si7Type: SKL1, SKL3, SKL12, SKL14, etc
Surface: plain ( oil), black paint, color paint, zinc, hdg, etc
Rail pad
Raw material: EVA/Elastomer/Rubber
Surface: plain
Tie plate/ Rail base plate
Raw material: QT400-15, QT450-10, QT500-7, ZG25, ZG35, ZG45, etc
Surface: plain (oil)
Railway bolt
Grade: 4.6, 4.8, 5.6, 8.8, 10.9, 12.9, etc
Raw material: Q235, 35K, 45#, 40Mn2, 20MnSi, 35CrMo, 40Cr, 42CrMo, etc
Surface: plain (oil), zinc, hdg, black, etc
Plain washer/ Spring washer
Size: from 3/4-1, etc
Raw material: 65Mn, 60Si2Mn, 70#
Surface: black, zinc, hdg
Screw Spike/ Timber screw
Grade: 4.6, 5.6, 8.8
Raw material: Q235, 35K, 45#, 40Mn2, 20MnSi,
Surface: plain (oil), black, zinc, hdg, etc
Metro Fastening System,Underground Fastening System,Fastening For Light Rails,Fastening For Tram
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