| China imported iron ore port stocks up to 62 million | | | | U.S. dollars, nearly 50% increase. |
| tons of this important variable, to a certain extent, | | | | Australian mining company that it does not match this |
| pushed up the cost of another line of Chinese steel | | | | object with the price of the contract principles, |
| enterprises?? International iron ore sea freight price. | | | | requirements for ocean freight demand-side |
| Yesterday, people close to the Shanghai Securities | | | | compensation, in order to smooth the Brazilian mining |
| News, said the relevant ministries are preparing to take | | | | CIF mine the gap with Australia. In the current round of |
| the Port in the recent joint initiatives to reduce the port | | | | negotiations, this issue is to be tough Rio Tinto |
| inventory and reduce the phenomenon of iron ore port | | | | unprecedented manner. |
| pressure to stabilize the sea freight and iron ore spot | | | | This joint analysis of metals analyst Hu Kai said, when |
| market price, ease and power of China Rio, BHP | | | | the annual Iron ore talks Lock the contract price, the |
| Billiton deadlock Iron ore price Negotiating pressure. | | | | impact of the CIF is the only factor in the sea freight. In |
| International mainstream and Brazilian steel company | | | | recent years the spot freight rate increase will push up |
| CVRD iron ore determine the starting price is almost 3 | | | | long-term agreements ore CIF, and trigger follow the |
| months, the Australian mining company Rio Tinto and | | | | trend of the Indian spot ore prices, which prompted |
| BHP Billiton refused to accept the starting price of | | | | China's trade companies have flocked procurement, |
| steel in East Asia required compensation to ocean | | | | resulting in port congestion, high freight costs, freight |
| freight. Earlier, as the Brazilian and Australian iron ore | | | | fever has to push next year ore prices foreshadow a |
| mine is very close to the sea freight and no such | | | | long-term agreements and ultimately form a complete |
| "compensation farce." Before 2003, Brazil, Australia | | | | chain of the vicious cycle. |
| spot iron ore sea freight charter gap has been | | | | Have suggested the market for iron ore port of the |
| reflected in the FOB price was much lower than the | | | | phenomenon of hoarding, government departments |
| current sea freight, long contract, the Brazilian | | | | can not drift. In fact, in March 2005, China enacted the |
| Association for ore mine in East Asia Australia, | | | | "Measures for the Administration of iron ore automatic |
| consistent with CIF . Such as open mine in Brazil in | | | | import license" as soon as possible on the Hong Kong |
| 2000 prices 15.9 U.S. dollars / ton, the Australian mining | | | | government departments should deposit of iron ore to |
| 18.5 U.S. dollars / ton, Brazil, Australia to China, shipping | | | | the Port in the work. Meanwhile, from the iron ore |
| costs were 9.5 U.S. dollars and 6.5 dollars, integrated | | | | market order rectification at source, change in the iron |
| mine CIF Ge Baxi 26 USD / tonne, the Australian | | | | ore traders and steel enterprises in the import channels |
| mining 25.4 U.S. dollars / tons, the spread between the | | | | and more, links and more confusion to stop hoarding, |
| two is only 0.6 U.S. dollars, increase by 2%. | | | | drive up the price. Hu Kai, also believes that like to |
| Dry bulk shipping market in recent years continued to | | | | break the deadlock of iron ore negotiations, the |
| rise, Brazil, China, Australia to expand the difference | | | | Chinese side need to start from the most vulnerable |
| between sea freight, resulting in Brazil, Australia, the | | | | aspects of starting, to take measures to reduce the |
| gap gradually opened ore CIF. May 2008, the | | | | current sea freight. |
| international dry bulk shipping market, following in | | | | Previously executive vice president of China Steel |
| November 2007 again hit a record high point of Brazil | | | | Association Luo said China is resolutely opposed to the |
| to China, shipping to 106 U.S. dollars / ton, 35 dollars in | | | | freight price difference on the ground of long-term iron |
| Western Australia to China Shipping / ton, two | | | | ore prices for fare increase by the agreement, |
| premium 60 U.S. dollars / ton than the same period in | | | | negotiations will take measures to cope with potential |
| 2007 rose 72% over the same period in 2006 rose | | | | deadlock. This proves that the Chinese shipping market |
| 330%. Long-term contracts by 2008 65% increase, | | | | will start to suppress. Hu Kai, that these measures will |
| and the current spot price of a charter, the Brazilian | | | | China be completed until after the Australian mining |
| ore CIF value will reach 189 U.S. dollars / tons of ore in | | | | company to resume negotiations, 6 months ago the |
| Australia was 130 U.S. dollars / tons, spread over 59 | | | | results difficult. |