Investment bank sing high iron ore prices to $200

January 13 09:06:50, 2023

The next days in China's steel industry, which was originally suppressed by high mining prices, will be even more difficult. Recently, a research report released by Standard Chartered Bank predicts that by the end of the fourth quarter of this year, the spot price of China's cost plus freight (C&F) will reach 200 US dollars / ton. The supply shortage will keep the average price during the period 2012-2014 at $181/ton. Standard Chartered said the basis for the above forecast is that the recent delay in some iron ore projects has led to further reductions in future capacity. The report also said that the serious shortage of global shipping supply will continue until at least 2014. Supply and demand conditions may start to balance from 2015, but rising production costs will provide long-term support for iron ore prices. Standard Chartered predicts that long-term prices from 2015 to 2026 will remain above $120/ton. Standard Chartered said that their report described all iron ore projects that are about to be put into production, analyzing the cost curve, the supply economics model of long-term price forecasts, and the supply and demand situation. The conclusion is that the days of cheap iron ore will be gone forever. However, Xu Xiangchun believes that the current impact on iron ore prices is more about supply and demand. He said, "Under the recent situation, the price of bulk commodities has fallen, and the demand for iron ore and the price trend are not certain. From the current situation, it is impossible for the spot price of iron ore to exceed 200 US dollars per ton." It is said that it is not appropriate to buy swap contracts now, because the national policy currently does not allow state-owned enterprises to conduct overseas transactions. Although some companies may entrust foreign companies to conduct transactions, iron ore trading is less regulated and transparent. It is unfavorable to operate under the circumstances of the overseas market. It is also known that the United Metal Network has also recently conducted a related survey, and it is predicted that China's domestic iron ore production capacity will reach its peak between 2013 and 2014. The agency's iron ore analyst Xu Guangjian said that this will slow down the shortage of iron ore supply in the Chinese market. Xu Guangjian believes that the conclusions of the above report of Standard Chartered Bank are for reference. For Standard Chartered Bank, it is recommended to buy iron ore for the next two years by buying a swap contract on the Singapore Exchange (SGX). Xu Guangjian said, “From a price perspective, it is appropriate, but other factors need to be considered, such as whether the contract is honored after it expires.”

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Model No.

Diameter

(mm)

Max. flow rate

(kg/min)

MWP.

(MPa)

Accuracy grade

(%)

Zero stability

(kg/h)

CG-03

03

6

4

0.1/ 0.2/ 0.5

0.012

CG-06

06

18

4

0.1/ 0.2/ 0.5

0.04

CG-15

15

50

25

0.1/ 0.2/ 0.5

0.12

CNG-20

20

120

25

0.1/ 0.2/ 0.5

0.36

CG-25

25

200

4

0.1/ 0.2/ 0.5

0.62

CG-40

40

500

4

0.1/ 0.2/ 0.5

1.60

CG-50

50

1000

4

0.1/ 0.2/ 0.5

2.38

CG-80

80

3000

4

0.1/ 0.2/ 0.5

7.05

CG-100

100

3600

4

0.1/ 0.2/ 0.5

12.00

CG-150

150

8000

4

0.1/ 0.2/ 0.5

50.00



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