India's iron ore imports down 40% domestic sales to welcome Xiao Yangchun

On November 23, a steel mill official responsible for raw material procurement in Tangshan stated that India’s shipments to China have become less and less, “sometimes it is impossible to buy Indian mines”.

Customs statistics show that in October, India exported 2.91 million tons of iron ore to China, a decrease of more than 44% compared with the same period of last year; in October, the volume of exports fell by 39% compared to September.

Qian Yi, an iron ore analyst at Steel House, said that the reduction in India’s mineral import volume was mainly affected by the policy. “India Karnataka recently issued a ban on iron ore export, which occupies India’s iron ore exports to China. A quarter of the amount."

According to public information, India has abundant iron ore resources and reserves of 25 billion tons. About 56% of the iron ore produced is used for export, mainly exported to China. “Daily Economic News” reporter learned from Lange Steel that it has become an indisputable fact that India has significantly reduced its iron ore exports. As the main buyer of Indian mines, Chinese SMEs may be affected.

At present, the agreement ore is mainly in the hands of domestic large steel mills, and small and medium-sized steel mills can rarely benefit from it, mainly to obtain raw materials from the spot market. “Some large steel mills have previously signed contracts with miners, and each year has a fixed amount of agreement. No matter how the current market conditions change, at least a few steel mills are still fulfilling the contract.” The steel mills said.

Chen Kexin, a senior expert at Lange Steel Information Research Center, believes that among the many influencing factors, India’s role in global iron ore supply and demand is most important. "It can be predicted that India will soon be transformed from the world's largest spot iron ore exporter to another iron ore importer."

Earlier, according to a statistics released by the General Administration of Customs, China imported 45.72 million tons of iron ore in October, a decrease of 6.88 million tons from September, a decrease of 19%, and a year-on-year increase of 0.55%. From January to October, 503.3 million tons of iron ore was imported, a year-on-year decrease of 2.2%. However, China’s import mines have been significantly reduced, providing opportunities for domestic iron ore mining and sales.

Yesterday, an insider of Shandong Jinling Mining [22.23-1.02%] Co., Ltd. said in an interview with the reporter of the “Daily Economic News” that recently, the company’s iron ore sales were very good and the output was relatively stable. "We mainly supply Laiwu Steel, Jinan Iron and Steel, etc. Now, the price per ton has reached 1,400 yuan."

The reporter learned that the domestically produced iron ore market is currently relatively stable, and the signs of rising in some northern regions are still relatively clear. On November 23, 66% of wet powder base in Tangshan was exempted from taxes at 1050~1060 yuan per ton; Wuan 64% wet basis was exempt from tax at 1060 yuan/ton; Shanxi Daixian 64% iron powder was wet The basic tax-free price is 950 yuan/ton; the iron ore fines market in Liaoning Province runs smoothly, and the mainstream prices of Chaoyang and Jianping 66% iron concentrate powder wet basis are excluding tax; the mainstream price is 980~1000 yuan/ton; the market in Liaodong region is up 10~ 20 yuan / ton; Anhui 65% dry basis including tax cash price of 1360 ~ 1380 yuan / ton; Shandong mine 64% to 65% dry basis acceptance price of tax included in the 1380 ~ 1400 yuan / ton.

A person who is engaged in iron ore trading in China stated that “Although the price of domestic ore is still rising, it is relatively cheap compared with imported ore that is at a high level. At present, some steel mills tend to use domestic ore mines.”

Qian Yi told reporters that from June to August of this year, the monthly production of domestic ore was maintained at 9800 to 9900 tons, while in September the output was reduced to 9300 to 9500 tons due to domestic power cuts. "But it is still higher than the same period. Increased."

Minmetals executives recently believed that, “Overall, domestic mines have high mining costs and low grades. Regardless of availability or practicality, they cannot compare with imported ore mines. It is good for large steel mills to acquire more rights and interests. Way out."