Iron ore futures delivery

The relevant person in charge of dalian, said in an interview with reporters that the dalian futures delivery goods first determine for powder ore and iron ore concentrate,sch160 thick wall water pipe welded steel pipe such delivery design not only conforms to our country main import trade characteristics of coarse powder, also consider the economic interests of domestic ore and ore supply balance problems inside and outside, to ensure smooth running after iron ore futures market.

In iron ore futures design, type selection is the basis of delivery of product quality standards, dalian futures delivery goods first determine for powder ore and iron ore concentrate.The relevant person in charge of dalian, said deliveries will breed for iron ore powder ore and concentrate, it mainly consider the following aspects: first,90 degree pipe fitting long radius elbow powder ore and ore concentrate is the mainstream variety in the production, consumption and trade of our country. 2012, the production of 440 million tons of iron ore production in the mine is 420 million tons of fine powder, and accounted for as high as 95%, imports of 740 million tons of iron ore in the coarse powder capacity is 560 million tons, accounting for China's iron ore powder ore and concentrate supply 83% of the total.

Second, the powder ore is one of the largest varieties in our country enterprise risk exposure. Meal occupy the mainstream in the imported iron ore, and the price of imported iron ore,large diameter ASTM end cap for water pipe inventory risk is embodied in two aspects, one is long distance ocean, China's major iron ore imports to China's shipping time is half a month, long 40 days; Second, large inventory, the average iron ore port stocks has increased from 44.6 million tons in 2007 to 2012 tonnes in 94 million, according to the low price volatility is calculated in 2011, a month in China port iron ore inventories devaluation risk in more than one hundred million yuan.

Third, the price of the powder ore good representative. The global iron ore pricing system,sch 40 Spiral Butt-welding Steel Pipes the index mechanism are collected and published in north China port cif import powder ore prices; The international market for iron ore powder ore related derivatives are also used as the benchmark for product design.