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such as coal, iron ore prices in the media: China power back
Source:China's fertilizer network   Time:2016-11-18   Read:538second  

   The media, said the global commodity market is being familiar with the force of impact: China's rich investment.

  According to the Wall Street journal website reported on November 14, usher in another round of boom, China's commodity markets are fuelling soaring commodity prices, such as coal, iron ore and rubber sparked concern speculative turn back.

  According to the report, a week, the raw material of the main constituent of steel - iron ore prices have risen about a quarter, rose to their highest level in two years. Analysts and traders say the price rebound is the result of Chinese speculators speculation desire.

  14, China's iron ore of dalian Commodity Exchange futures eighth consecutive rise, or 4.1%, to $627 per cubic tons of yuan, after briefly rose overnight trading one-day increase upper limit.

  Traders in China represent the hot iron ore, coal and steel futures prices have rebounded, mainly driven by coking coal prices rebounded. Coal is used in steel production, in recent months, after Chinese restrictions on the iron and steel production, coal prices have risen sharply.

  Chaos tiancheng futures co., LTD., research director said: "coking coal and coking coal supply shortage for October from iron ore to steel prices rebound provides the basic support."

  Reported that in recent months, including eggs and polyvinyl chloride (PVC), other commodity markets present a similar rally.

  Last week, the dalian Commodity Exchange to double iron ore futures transaction fees. It also raised the coking coal and coking coal futures investors trade must pay a cash quota, and limit the number of outstanding positions on the same day in 1000.

  11, as the market investors rumours that the Chinese authorities will further restricted trading terms, selling some products appear.

  However, 14, dalian Commodity Exchange trading of coking coal, coking coal and iron ore futures rebound sharply. By noon, coking coal and coking coal futures prices rose 5.4% and 2.8%, respectively, while plastic, soybean meal and silver prices fell more than 4%.

  Nanhua futures co., LTD., one analyst said: "on Friday after tumbling, market sentiment seems to have basic recovery. We see bears retracement positions, we remain optimistic about coking coal futures."

  Macquarie group said, especially iron ore futures, virtual trading prices are sharply raise real price. The first two weeks of this month, dalian Commodity Exchange iron ore contract volume increased by 34% than a year ago.

  14, China tianjin port iron ore price is $79.70 per ton. Information provider index of iron and steel company, points out that this is the highest since October 2014. In December last year, steel prices remain at $37 per ton, is the lowest price for more than 10 years.

  Including the fortescue metals co., LTD., group chief executive neff Bauer, mining managers are complaining about investors bet on iron ore lead to price fluctuations. Iron ore is a controlled by a small number of miners and steelmakers' market.

  Earlier this year, the frenzy of dalian exchange physical iron ore prices jumped nearly 50% in just a few weeks. When the volume of surge in dalian to become the world's iron ore futures trading one of the largest number of commodity contract.

  About the recent rise in price, anz bank analyst Daniel hynes said: "will certainly feel containing speculative." He said: "the basic level on the mend, but has not been improved to the extent rally that we have seen."

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