Inventory statistics: the iron ore port printed mine continued to decline significantly decreased

Iron ore port stocks statistics show that, as of August 3, 2012, the country's 30 major ports in the total iron ore stockpiles at 97.45 million tons, a decrease of 290,000 tons the previous week, stocks for the second consecutive weekly decline. Compared with the same period last year (August 5, 2011), total inventories increased 2.1 million tons, an increase of four consecutive weeks down year-on-year growth rate also hit new lows for the year.

Sub-port, the port decreased inventories fell last week, for 10, while only 11 port stocks rebound, and the rest remained stable. The three major ports in the north flat to down, the Caofeidian Hong Kong stocks continue to decline to 400,000 tons for two consecutive weeks the neck down. Tianjin Port also have a reduction of 150,000 tons, the Jingtang Hong Kong stocks continued to remain unchanged. In addition, the Dalian Port inventory reduction of 290,000 tons, and other ports in the inventory reduction smaller. East China port inventories continue a steady increase, Rizhao Port increased by 10 million tons, Qingdao port remains unchanged. Increased port inventory, Bayuquan port increased most significantly, an increase of 300,000 tons the previous week. Nantong Port, an increase of 170,000 tons, the relative amplitude of other ports.

Iron ore sources from the point of view, last week, three major sources of imports to inventory as a whole to decline mainly in India mine was most obvious, a decrease of 500,000 tons the previous week; Indian ports due to the recent continuous rainfall, the more the ship unable job departure . Indian ore shipments continued to decline, the impact of port stocks. Australian mine is also a decrease of 50,000 tons. Brazilian ore only a small increase of 70,000 tons. The three major sources to decline more than the overall level, the proportion declined again.

By billet and steel rebound impact of the imported ore market last week, showing a trend of rose and then fell, the first half of the turnover is relatively good, the second half turnover weaker. Steel rebound blocked, fell in the latter half of the imported ore market turnover is also declining bargaining space is re-emerging. Bidding situation, the Brazilian mine almost every day a ship, and two extension spot less, more in stock trading platform to declare, but the turnover is not ideal, near the weekend transaction price also fell slightly.

However, futures or spot last week, the overall steady rise, while steel spot once again hit a new low during the year, iron ore Budie space to further expand. From the steel net survey, last week, the blast furnace maintenance is increased, the pressure is further increased short-term needs. Also expanded the market next week, put the proportion increased to 86%, 68% from the previous week, and no call. On the other hand, unless India's shipments declined, Australia and Brazil last week ore shipments has increased. Short-term port stocks may rebound.

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