|According to "Japanese Economic News" reported on October 12, in emerging market countries, slowing economic growth, the global economic outlook uncertain backdrop, China is increasing raw materials and steel products, cereals and some other large purchases. Transportation of iron ore and grain ship freight has risen to two-year high.
is an indicator of the rising Baltic Dry Freight Index (referred to BDI, 1985 year 1000), this indicator is based on the resource and grain transport ships main sea freight and charter hire fees calculated in October 10 has risen to 2,011 points, a record in October 2011, the highest since.
accounted for approximately 70% of global marine transportation of China is actively sourcing iron ore, thus pushing up the sea index. Chinese imports in August grew by about 10%. In this months National Day holiday after the end of procurement will remain strong, Japanese companies Nippon Yusen said, "Go China now is still very strong transportation." For the transportation of iron ore in Europe and the United States basically no growth, while China increased significantly.
in China, small and medium steel companies have started production. August crude steel production reached 66,270,007 tonnes, an increase of 13%. Real estate and other private demand and metro government demand is still strong, but demand can not keep up the pace of supply expansion, steel prices are falling.
from Shanghais steel trading price of view, the main varieties of hot rolled coil current 3560 yuan per ton, and recently hit a high point in late January fell by 15%.
addition, Chinese cooking oil and as livestock feed grain imports are also expanding. August China from Brazil and other countries soybean imports 6.37 million tons, an increase of 44.1%. Many view, China to curb domestic pork prices, the future will continue to be the U.S. grain harvest in sight as the center actively purchasing soybeans and corn.
addition, ship supply increases the momentum is slowing, which is to promote maritime index rose one of the reasons. The completion of large transport ship from the situation, in 2011 a record high for the 250, but 2013 has been reduced to about 100. Chinas resources and grains for transport in the future will continue to maintain growth momentum. Chinas crude steel output in 2013 is expected to 1 percent higher than last year.