The iron ore traders who originally wanted to borrow goods to make a profit in this year's "Golden September and Silver 10" are wrong. In the face of the sharp drop in imported mineral prices, Sinosteel enterprises can negotiate to obtain the “songkou†of international miners, but domestic miners are not so lucky. It is understood that due to the high price of imported minerals, in the face of a sharp drop in the price of minerals, some domestic iron ore traders who mainly purchase raw materials are currently doing business at a large price or at a loss. Imported mines have dragged down some traders. "Now the price of mines has fallen so badly, we are about to cry." On October 18, Zhang Hua (a pseudonym), a corporate procurement department engaged in iron ore trade in the north, directed the author. Said. The author understands that due to the optimistic trend of the later mining price, Zhang Hua’s company soon smashed tens of tons of goods in a short time. “The goods were squatting at Tangshan Port. I originally thought that I would use part of it and the other would sell it to Steel mill." "Although the import mine market was already lower, but I think there may be a turn for the situation in the later period, I think there should be room for operation." Zhang Hua recalled that the stock was in the iron ore price of 190 US dollars. When it is around. Analysts said that since the end of the annual pricing model, more short-term mineral price contracts have created frequent price fluctuations in iron ore, and spot mine prices have also moved with the wind, while iron ore suppliers, some international speculators and foreign media. It is also a paradox of frequent manufacturing of rising mineral prices, prompting some traders to take risks when prices are high. And it turns out that the subsequent fluctuations in iron ore prices have not made the "adventurers" wish. The data shows that the imported iron ore reached the highest point in the year on February 18, and the FOB price of 63.5% of the Indian mine was about US$180/ton, equivalent to the CIF price of US$196/ton, and then started from July this year. The price of ore has also risen all the way, but never surpassed the previous high. Nowadays, due to the overall poor supply and demand in the market in the near future, the phenomenon that traders are at a high level in stocks is everywhere. Some iron ore traders have told the author that as long as the price is high, it is not good now. The data shows that as of September, the imported mines have plummeted. As of the time of the author's submission, the CIF price of 63.5% of the mines has fallen to $165/ton, and the decline is still not decreasing.     The spot price fluctuated greatly. Chinese steel companies attempted to revisit the fourth-quarter contract price, but they came to an end with the active compromise of international miners. On October 18, Vale was confirmed to have adjusted the price of the fourth quarter mine with Chinese steel mills. The first batch of adjustment schemes proposed at present is specifically that the steel mills that pick up the goods in October can first issue a letter of credit from the bank according to the price of the Platts index on September 30 as the delivery price. After the end of the fourth quarter, both parties will settle according to the average price of the quarter. It is reported that the follow-up letter plan will be issued in succession in the near future. Analysts said, "Compared with steel mills, miners are still spot mines, they must bear the risk of price fluctuations. After all, spot price fluctuations are much larger than agreement mine fluctuations." It is reported that the current domestic steel market situation is still not good. The demand for ore will also weaken. According to data provided by China United Steel, iron ore port stocks have remained high recently. According to statistics, iron ore stocks in 34 ports in China are at an all-time high of 98.8 million tons, and many ports have different levels of pressure.
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