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          CISA severely criticized the false high price of water in India coal mine

          Release time:2015-11-30 丨Reading times:688

          India mine is China's imports of iron ore in rare "spot transactions" ore, while India exports to Japan, South Korea and other countries of iron ore has taken a "long-term agreement" approach.
          2007, India's exports to China's iron ore prices rose as high as 127.96%, ranking the first in all of the export of iron ore Shi Guozhi. April 28, Luo Bingsheng CISA represents the published a strongly worded on exports from India to China's iron ore price analysis report.
          He pointed out in the report, compared to Brazil and Australia, the India mine has the characteristics of low grade, high prices, price increases speed. Current India iron ore prices are relatively high, the two sides should be through the long-term agreement, and other ways to promote the rational return of India mineral prices.
          Luo analysis, India iron ore exports to China's iron ore price is in the presence of water. For example, India's exports of iron ore prices in 2007 rose 2.1 times in Australia, South Africa is 1.33 times. And South Africa, far from the geographical distance, iron ore grade is better than India, so the price of iron ore in India is more than South Africa, not reasonable.
          Representatives of the domestic steel companies told reporters that the domestic iron and steel enterprises in India imported iron ore is love and hate: domestic small and medium iron and steel enterprises do not have the status of international iron ore export giants, so only to buy from the market to meet the demand for iron ore, and India iron ore types, quality, suitable for domestic small and medium iron and steel enterprises need to ease the demand for iron ore, India iron ore demand has played a certain role. But India iron ore to follow the trend of international iron ore long-term agreement price increases, so that spot iron ore prices over the long-term agreement price is nearly doubled. And the Indian iron ore spot prices pushed up, and long-term supplier agreement of low-cost supply of iron ore the stony heart out of discontent, further improve the prices of Chinese exports of iron ore to.

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