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: 男人的天堂网在线 | 欧美久久亚洲精品 | 欧美高清色视频在线播放 | 一级毛片子 | 欧美巨大精品欧美一区二区 | 色综合久久久久久久 | 1024国产欧美日韩精品 | 一级a美女毛片 | 午夜成年人网站 | 亚洲视频中文字幕 | 久久成年片色大黄全免费网站 | 国产精品久久久久免费 | 最新国产午夜精品视频成人 | 天天看夜夜看 | 国产三级在线视频观看 | 国产乱子伦露脸对白在线小说 | 久久综合久久综合九色 | 中文字幕日韩有码 | 国产精品一区二区三区高清在线 | 九九视频国产 | 欧美一级成人影院免费的 | 国产一区二区播放 | 欧美成人午夜不卡在线视频 | 成人高清 | 亚洲精品久久一区二区无卡 | 亚洲加勒比久久88色综合一区 | yy6080福利午夜免费观看 | 露脸 在线 国产 眼镜 | 亚洲国产成人精彩精品 | 亚洲精品亚洲一区二区 | 国产精品久久影院 | 国产亚洲精品成人a在线 | a级做爰视频免费观看 | 国产精品三区四区 | 女人张开腿让男人插 | 一本色道久久88亚洲综合 | jizz国产精品免费麻豆 | 99re久久精品国产首页2020 | 欧美日韩综合网在线观看 | 久久99精品久久只有精品 | 久久久久久久久性潮 |