En20120724001.jpg
About us Advertisement service Contact us Into the Chinese
Home Macro-economy Steel News Raw Material Equipment & Technology Steel End-users Products
Steel News Daily
Raw Material
Australia's FMG raises discount for Dec FB, Kings iron ore fines: customers
  Release time: 2017/11/27 17:38:00  Author: 

 Australian miner Fortescue Metals Group has increased the contract discount for 58.3%-Fe Fortescue Blend iron ore fines for cargoes loading in December at 29% discount against Platts IODEX, up 3.5 percentage points compared with November, FMG's term contract customers said Friday. 

The discount for FMG's 57.3%-Fe Kings fines for December loading also rose to 15%, up 3% percentage points on the month, they added. 

For its 56.7%-Fe Super Special fines, the discount stood at 40% for December-loading cargoes, unchanged on the month. 

These iron ore products are priced using Platts 62%-Fe IODEX assessment with an adjustment for iron content. 

"It is not a matter of price anymore. No one wants low grade fines so there has been little liquidity," said a Singapore-based trader. 

"Contracted customers are finding it difficult to re-sell these low grade cargoes, it is understandable that FMG has increased the discount," a Hebei-based mill source said. 

Low grade ore appeared to be less attractive in China as end-users were preferring high grade feedstock to ensure hot metal productivity, especially during the winter. 

According to the public announcement on the Chinese Ministry of Industry and Information Technology website, 50% of steel mills production in related "26+2 cities" will be cut during November 15, 2017, to March 15, 2018. The actual cut was between 25% to 80% according to sources, depending on the mills' location, heating requirements and the impact of pollution. 

The spot price of square billet in Tangshan was at Yuan 3,810/mt ($577.09/mt) ex-stock Tangshan Thursday, up Yuan 40/mt on the month. 

This in turn led to tightness in steel supply and a subsequent lift in margins, causing mills to choose fines of medium iron content to feed their blast furnaces. The spread between 65%-Fe and 62%-Fe assessments stood at $16.75/dmt, down from $17.45/dmt on the week, indicating that mills were cautious about picking up expensive material which may dent their margins overall. It was also down $8.45/dmt from its peak at $25.20/dmt on September 27, 2017. 

"We are hesitant to buy Carajas now because the price is still unattractive," an eastern mill source said. 

FMG could not be reached for comment. 

FMG had initially settled 58.3%-Fe Fortescue Blend cargoes for November loading at 23%, but subsequently revised this upwards to 25.5%. 

Sources said FMG typically offers contract customers two pricing periods based on S&P Global Platts 62%-Fe IODEX assessments -- a monthly average or a five-day period before and after the date on which the Notice of Readiness was issued at the discharge port. 

To share the micro-blog:
vanitec.jpg
 
NO.26 Building, An zhenli 3th Area, Chao Yang District, Beijing. Postcode: 100029
Tel: 86-10-64441860 Fax: 86-10-64410636 Email: csteelnews@126.com
www.csteelnews.com. All Rights Reserved.
 
主站蜘蛛池模板: 亚洲人交性视频| 国产一区二区精品| 99re在线视频观看| 性欧美18-19性猛交| 久久国产精品一区免费下载| 欧美亚洲综合另类在线观看| 人妻无码一区二区三区四区| 综合久久给合久久狠狠狠97色| 国产国产精品人在线观看| 乱系列中文字幕在线视频| 在线jlzzjlzz免费播放| xxxxx性欧美hd另类| 成年女人免费播放影院| 久久国产精品一国产精品| 欧洲成人在线视频| 国产精品久久毛片| 99精品国产高清一区二区| 无码午夜人妻一区二区不卡视频| 久久综合桃花网| 欧美kkk4444在线观看| 亚洲日本乱码一区二区在线二产线| 狠狠色先锋资源网| 免费观看激色视频网站bd| 美女和男生一起差差差| 国产一区二区三区福利| 韩国18福利视频免费观看 | 国内精品久久人妻无码不卡| www亚洲免费| 岛国免费v片在线观看完整版| 中文字幕成人在线| 无遮挡呻吟娇喘视频免费播放 | 久久精品国产亚洲7777| 杨幂13分20秒未删减bt| 亚洲国产成人av网站| 欧美日韩国产一区二区 | 天天操夜夜操美女| www亚洲视频| 女女同恋のレズビアン漫画| 一本色道久久88综合日韩精品| 成人免费看片又大又黄| 中文字幕一精品亚洲无线一区 |