三级aa视频在线观看-三级国产-三级国产精品一区二区-三级国产三级在线-三级国产在线

US EUROPE AFRICA ASIA 中文
Business / Industries

Iron ore stocks hit record high

By Du Juan (China Daily) Updated: 2012-07-20 09:36

Iron ore inventories in China reached a record high of about 100 million metric tons due to shrinking downstream demand, but major global suppliers are still increasing output.

Iron ore stocks hit record high

The 30 major ports in China have total iron ore stocks of 97.92 million tons, according to figures from mysteel.com, a steel industry information provider.

High stocks and declining prices have increased the risks for iron ore traders, who are facing increasing financial pressure to repay loans. Meanwhile, steel factories are more cautious when purchasing raw materials.

However, China still imported 58.31 million tons of iron ore in June, a slight decline compared with the 63.84 million tons imported in May.

"China has always played the role of savior of foreign iron ore miners," said Zhang Lin, senior analyst at the Lange Steel Information Research Center. "The steel market is weak, which leads to falling iron ore prices. However, the price is not below $100 yet."

China's stable imports of large quantities of iron ore may be the source of the foreign giant miners' confidence, Zhang said.

Rio Tinto Plc said on Tuesday that the company had a record-high output of 120 million tons of iron ore in the first half of the year, up 4 percent year-on-year. The company estimated that it will produce 250 million tons of iron ore in 2012.

BHP Billiton Ltd, another giant mining company, said on Wednesday that its iron ore output in June increased 15 percent to 40.9 million tons.

It said it will have a total output of 159 million tons this year, also a record figure for the company. BHP Billiton is making efforts to achieve its annual output target of 220 million tons in 2014.

Fortescue Metals Group, the third-largest Australian iron ore producer, said its output increased 54.7 percent to 19.16 million tons in the second quarter. The company plans to sell 55.8 million tons of iron ore in the 2011-2012 fiscal year, a 40 percent year-on-year increase.

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 情侣网站 在线播放 | 国产一区二区三区毛片 | 日韩欧美国产一区二区三区 | 亚洲黄色片免费看 | 久久电影精品 | 国产中文字幕视频 | 嫩草影院在线入口 | 男女毛片 | 青草视频免费在线观看 | 午夜毛片不卡高清免费 | 久久91久久91精品免费观看 | 国产限制路线1线路2线路3 | 国产精品久久久久毛片 | 国产精品国产三级国产普通 | 亚洲人成影院午夜网站 | 国产毛片一区二区 | 亚洲毛片免费视频 | 婷婷久久激情啪啪 | 中国免费毛片 | 女同志freelesvoices | 欧美金妇欧美乱妇视频 | 久久中文字幕网站篠田优 | 欧美日韩一区二区综合 | 亚洲国产成人精品女人久久久 | 亚洲欧美一区二区三区综合 | 久久精品一区二区三区日韩 | 国产美女极品福利视频 | 青青青网| 高潮岳喷我一脸 | 色老成人精品视频在线观看 | 99久久一区| 欧美成人777 | 日本高清动作片www欧美 | 特黄特色视频 | 国产成人视屏 | 亚洲国产爱久久全部精品 | 国产精品视频白浆免费视频 | 一区二区视频在线播放 | chinese调教在线播放 | 特黄一级| 日韩大尺度无遮挡理论片 |