Australia's Brazilian iron ore exports to China surged 70 million tonnes a year

60 million tonnes in Japan, South Korea and Europe for the financial crisis in Australia and Brazil iron ore companies, China has indeed played a "savior" role. The union metal net statistics show that in January-June this year, the Australian mine of the Brazilian mine to China's iron ore exports reached 215.4 million tons, compared with the same period last year 145.4 million tons, an increase of 70 million tons. In the same time, the Australian mine in Japan and South Korea and the European market exports decreased by 60 million tons.　　Market participants said Australian and Brazilian mines would have 130 million tonnes of overcapacity if Chinese imports remained at the same level as last year.　　China's imports of iron ore will slow in the second half of the year, said a person responsible.　　Australia's first-half export surge in China imports 297.18 million tonnes in the first half of the year, up 29.3% from last year's 230.04 million tonnes, an increase of 67 million tonnes, and an incremental portion of 63% from Australia. At Umetal, a metal net iron ore analyst, told China's securities news correspondent that the first half of the year, Australia's exports to China 132.78 million tons, an increase of 42 million tons, to Japan, South Korea and the European market to reduce exports of 20 million tons. Among them, the reduction of 8 million tons to Japan, to South Korea 12 million tons, the original export to Europe is small, negligible. As a result of China's excessive imports, the Australian mine in the last six months exports volume of 170.48 million tons, compared with the same period last year 152.88 million tons, an increase of 18 million tons, the slightest impact of the global financial crisis.　　It is noteworthy that the Australian mine exports to China has accounted for 78% of its total exports. In addition, in the first half of the year, Brazil's exports to China 82.62 million tons, an increase of 28.06 million tons, compared to Japan, South Korea and the European market reduced 40 million tons. Among them, the reduction of 8 million tons to Japan, South Korea to reduce 1 million tons, to reduce Europe 30 million tons (Europe is the main market for Brazilian mines). Brazil's total export volume of 116.63 million tons, compared with the same period last year 136.19 million tons reduced by about 20 million tons.　　　Brazil's exports to China have accounted for 71% of its total exports. Import growth will slow in the second half of the year "from steel mills and traders ' iron ore import plans, China's imports will fall in July," he said. "The price of iron ore has been elevated, combined with nearly 70 million tonnes of Chinese port stock, and China's imports of iron ore will gradually decline in the second half of the year," said a Chinese securities news correspondent.　　In addition, with the investigation of iron ore flow in depth, the phenomenon will contain deposits, traders and steel Mills Digest inventory speed will be accelerated. Information from the port indicates that ships arriving in Hong Kong in July were down from June. The head of a production department in Rizhao Port said the decrease in shipments from Australia in late July was significant.　　　However, due to the fact that there are still 8-9 Cape ships ports in the port, the July port throughput will not be affected, but the August volume estimate will be reduced. IntoPrices above normal historical average price of 12 U.S. dollars Customs data show that the first half of China's imports of iron ore average 76.15 U.S. dollars/ton, down 42.57% year-on-year. Compared with the previous 6-year import average price of 81 U.S. dollars/ton, the lower 4.85 U.S. dollars.　　However, compared with the normal historical average price of 64 USD/ton, still higher than 12.15 U.S. dollars/ton. Wind information statistics show that international iron ore prices from 2002 onwards into the upstream channel, China's iron ore imports from 112 million tons to 2008 443.6 million tons, increased 3.96 times times, and iron ore prices have increased 5.5 times times. In 6 years, China accumulated 1.9 billion tons of iron ore, paying 154 billion US dollars, the average price of 81 USD/ton.　　Among them, because of the annual price increase factor, China paid 39.8 billion dollars more. 2008, due to abnormally rising iron ore prices, the average import price reached 136.5 USD/ton, exceeding 68.5% of the historical average.　　　In fact, if the 2008 sample was removed, 2002-2007 normal import price of iron ore is only 64 USD/ton. An iron ore analyst believes that in June this year, China's iron ore import average price of 68.1 U.S. dollars/ton, has been higher than the normal historical average price of 4.1 U.S. dollars. As iron ore prices were elevated in June and July, 63.5% of Indian mines were once fired up to $87/ton-90 USD/ton, already above the historical average of 23 dollars, and the risks for steel mills and traders have been magnified.