久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

US EUROPE AFRICA ASIA 中文
Business / Industries

Iron ore inventories drop as steel mills replenish holdings

(Agencies) Updated: 2015-01-07 11:23

Iron ore inventories drop as steel mills replenish holdings

Iron ore being unloaded at Rizhao Port, Shandong province. The stockpiles at Chinese ports are 13 percent above the five-year average of 89.04 million tons, according to Bloomberg calculations. [Photo/China Daily]

Iron ore inventories at ports in China, the largest importer of the steel-making raw material, fell to their lowest level in almost 11 months on Tuesday, as mills replenished holdings after prices fell and local output slowed during the winter.

The stockpiles dropped 0.9 percent to 100.6 million tons by Jan 2, shrinking for a sixth week, according to data from Shanghai Steelhome Information Technology Co.

That is the lowest level since February last year, and the sixth weekly decrease is the longest run of declines since April 2013. The inventories are 12 percent lower after peaking at 113.7 million tons in July.

While iron ore retreated 47 percent last year as global output expanded, prices opened 2015 with the biggest weekly gain in 18 months amid speculation China will take more steps to spur growth.

The country is accelerating infrastructure projects valued at 7 trillion yuan ($1.1 trillion), according to industry sources. Some ore mines in China typically close during the winter, and last year's slump in prices spurred speculation that not all of them will reopen this year.

"Restocking by mills, plus the seasonal factor of northern Chinese mines closing for winter" drove the stockpiles lower, said Philip Kirchlechner, director of Iron Ore Research Pty in Perth, Australia, adding that if the mines stay shut after the winter, it "is a possible sustaining factor for prices".

Ore with 62 percent content delivered to Qingdao retreated 0.6 percent to $70.87 a dry metric ton on Monday, the first decline in seven sessions, according to Metal Bulletin Ltd. The price-which fell to $66.84 on Dec 23, the lowest level since June 2009-rallied 5.8 percent in the week to Jan 2.

Data on Tuesday showed that shipments of ore to China from Australia's Port Hedland, the world's biggest bulk-export terminal, rose in December after Brazil said on Monday it exported the most iron ore in the same month since 2005.

Exports through Port Hedland for China reached 30.6 million tons from 29 million in November, according to port data. Exports through the port to all countries in 2014 surged to 414 million tons from 318 million tons in 2013, according to Bloomberg calculations.

Many high-cost mines in northern China that shut over the winter may not resume production this March, Citigroup Inc said in a Nov 11 report.

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 久久免费福利 | 国产成人精品免费视频大全可播放的 | 99在线在线视频免费视频观看 | 国产特黄一级毛片特黄 | 日本二级毛片免费 | 99视频久久精品久久 | 久久免费高清视频 | a级特黄毛片免费观看 | 黄色成人在线 | 男人的天堂高清在线观看 | 日本一级毛片中文字幕 | 久久精品国产99久久 | 天天综合色一区二区三区 | 99国产精品高清一区二区二区 | 看日本真人一一级特黄毛片 | 宅男毛片 | 萌白酱喷水福利视频在线 | 国产猛烈无遮掩视频免费网站男女 | 一级国产a级a毛片无卡 | 国产高清精品自在线看 | 国产亚洲精品日韩已满十八 | 免费逼片 | 99亚洲精品视频 | 亚洲国产日韩综合久久精品 | 成人三级在线播放 | 曰本毛片va看到爽不卡 | 日本高清色本免费现在观看 | 日韩在线一区二区 | 日韩亚洲精品不卡在线 | 成人国产精品视频频 | 三级黄色高清视频 | 一个人看的免费观看日本视频www | 就草草在线观看视频 | 欧美一级视屏 | 久久最新 | 黄色w站 | 亚洲伦乱| 国产真实女人一级毛片 | 亚洲qingse中文久久网 | 亚洲成人精品 | 欧美成人观看免费版 |