Steel Enterprises Traders crazy 冬储白菜 iron ore

High expectations of a strong vicious circle reappearance commercial News (reporter Xiao Wei) domestic traders and steel mills recently appeared frantically hoarding iron ore moves to arouse concern in the industry. Yesterday, the reporter learned from the Lange Steel network, because of the 2011 iron ore price expectations strong, and other reasons, this winter iron ore hoarding volume soared.　　An industry personage pointed out, the iron ore hoarding causes its price to rise, then stimulates the steel mill to raise the price, this in turn will stimulate the mine price increase, thus will form the steel price, the mine price vicious circle rise trend in the future. Cao Jinsong, the business manager of Wuhan Eastern Metallurgical Trade Co., Ltd., which specializes in iron ore trading, said: "Now the iron ore market is very good, next year, the price of mine is bound to be upward trend." Compared with the same period last year, we have increased the amount of iron ore stock.　　According to Lange Steel network data, as of December 24, the national Port iron ore inventory of 78.8 million tons, at a relatively high level of history. In addition to the mine trade, many steel traders also joined the wave of iron ore hoarding, some companies simply will be steel 冬储白菜 all the money into the 冬储白菜 iron ore, Beijing Tak Metal Group Co., Ltd. Chairman Wang Yongfu is one of the members. Wang Yongfu said that inflation expectations are still very strong, the dollar depreciation, iron ore, such as the price of resource products has become an inevitable trend. "We started this year to try to increase the strength of iron ore hoarding goods, which has a certain amount of gambling nature, specific to the number of deposits to see the next trend of mine price."　　Wang Yongfu told reporters. There are also some steel mills that increase the amount of iron ore purchases. "Generally at the beginning of the year there will be some new projects, the demand for steel will increase, so every year, the steel companies to hoard some iron ore for the next production is very common, but this year traders, steel mills are large quantities of goods or relatively rare." An insider told reporters. According to an iron ore trader, the current steel mills dare to buy more iron ore, is because of the next year 10 million sets of policy-driven housing demand. In addition, steel enterprises in the past three quarters because of energy-saving emission reduction pressure, the production capacity at the end of the year gradually resumed.　　Under the mentality of chasing up, fear next year ore prices soar again, even if the profits of thin steel mills will also have to bite the bullet to hoard goods. It is noteworthy that the impact of hoarding on ore prices has begun to appear. The spot price of iron ore, which arrived in China on December 29, was about 177 USD/ton, up 21% from mid September and nearly 192 USD/ton in April.　　For this unusual situation, an unnamed industry expert analysis, next year's real estate policy may further tighten, steel market demand is very uncertain, coupled with the recent high prices, so now the risk of hoarding goods is still very large. Union Metal Network Iron ore analyst Xu Guangjian told reporters that the price of ore and steel price is the interaction between the relationship between the constraints. Due to the domestic demand for imported mines is really large, the three major miners, steel mills and other parties to promote the steel price, the vicious cycle of mine price rise. But in the end, the acceptance of steel price increases is very limited, when the automobile, home appliances and other industries can no longer withstand the cost of upstream transfer, the bitter fruit of the soaring price of the goods will only be swallowed by the steel companies themselves. Analysts also pointed out that "冬储白菜" iron ore has "fried ore" suspicion. All along, scalping imported iron ore is a chronic disease in the domestic steel industry. A large number of domestic iron ore importers through the accumulation of iron ore, and then sold to domestic small and medium-sized iron and steel enterprises, to obtain high price difference. To that end, CISA and Minmetals in April this year, the publication of the industry self-regulation document, the provisions of strict implementation of import iron ore agent, agency fees for the import of iron ore FOB price based on the agent for CISA and Minmetals Chamber of Commerce members of the agency fee ≤3%, non-members of the Commission is ≤5%.