The iron ore market responded to Chinese demand

The revival in the domestic market has become China in recent times constantly exciting the imagination of miners and operators in the raw materials market. Chinese demand, as you know, is a key factor that determines the price of the purchase of iron ore.

It was the situation in the Chinese market that began to directly affect the iron ore market, the price of which increased from the previous level, at least by 3 USD per ton of iron ore over the past week.

It is noteworthy that the Iron ore import in July in China amounted to 73.42 million tons and broke all the previous monthly records, which changed the mood of the miners. Similarly, a 23 percentage and high imports in December 2009 lit optimism in the raw materials market.

If miners positively evaluate improvements, the implementation in the third and fourth quarters as usual will reach the peak in the presence of seasonal demand before winter. A similar situation is also formed in the coking coal market, on which the price levels will rise by 4-5 USD per ton over the next week, responding to improved Chinese demand from steel factories. The price of the price of coking coal PLV class coal is about 155 USD CNF China per ton, muffling the role of low -grade coking coal.

An increase in prices can influence many factories in China and India, especially during negotiations on deliveries in the fourth quarter, contributing to an increase in their cost.