Ore imports of China maintained strong growth momentum


On Thursday, the dry ore in Australia to this country more than $ 4 per ton, while a Chinese trader's order 63.5/63% Fe ore delivered 02 months from the west coast of India for $ 187 USD / ton CFR. The offer price also hit the ore 63.5/63% 190 USD per ton.


Steel Index (TSI) said 62% iron ore price reference last week increased $ 1.8 per ton increase to $ 178.3 per tonne CFR. Reference price 58% Fe ore increased $ 153.9 per tonne, its highest level in history.


Increased slowly after the first week, the transaction price of ore has rebounded due to the physical market prices soared. Q2 trading price of ore is $ 167.50 per ton and the price term of 02 months is 174 USD per ton. Earlier this week, Q2 is dealing with the price 162 USD / ton.


Trust with the Chinese steel market is strengthening, the price of steel future contracts touched a record high in May 2008. The steel contract is considered as future data to predict market demand for steel in the future.