The hottest iron ore has nowhere to go. China's ec

2022-08-20
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Iron ore has nowhere to go. Has China's economic weathervane turned

there is nowhere to go for iron ore. is China's economic weathervane turning

China Construction machinery information

guide reading: tens of millions of tons of iron ore are stranded in Qingdao port, the owners of large ore ships are demolished because of continuous losses, and steel mills no longer make steel. All this seems to indicate that China's economy has encountered trouble. But will the new stimulus come about as a result? In the sound of the whistle, the Hong Kong River stopped slowly in the mist

tens of millions of tons of iron ore were stranded in Qingdao port, the owners of large ore carriers broke down because of continuous losses, and steel mills no longer made steel. All these seem to indicate that China's economy has encountered trouble. But will the new stimulus come about as a result

in the sound of the whistle, the "Hong Kong River" slowly stopped at the 200000 ton Ore Wharf in Qingdao harbour front Bay in the mist. The rigger put the last few thick cables with a diameter of more than 10 cm on the heavy iron piles of the wharf. Along the railway track parallel to the wharf, three 60 meter high bridge ship unloaders came, and a huge "grab" stretched out to unload iron ore powder from the ship and sent it to the storage yard through a transportation belt stretching more than ten kilometers

against the backdrop of the super storage yard of Qianwan port, the giant ship looks like a toy. Behind the gate guarded by a guard is the iron ore yard of Qingdao Qianwan port. Hundreds of yellow, brown and gray iron ore hills are piled up in the corner of the port, amounting to tens of millions of tons

in the past, these iron ores meant rolling financial resources. Now, they have become a big trouble for Qingdao port

these iron ores are usually bought by traders or ordered by steel mills. However, with the decline of iron ore prices and reduced demand, many steel mills are unwilling to honor contracts, and traders can't find a next home to take over, so they can only let the iron ores pile up in the port

Qingdao port is one of the largest iron ore import ports in China, and the import volume of iron ore accounts for almost 1/7 of China's total import volume. Once there were more than 10000 trucks and more than 30 trains loaded with iron ore every day. At present, stone is still widely used in scientific research experiments and quality inspection projects. From the port to Hebei, Shanxi, Shaanxi and other inland provinces in China - trucks are two stories tall, each train is 1.5 kilometers long, and the huge traffic flow is like a river

but in the past six months, this "River" began to cut off the pile of steel with a thickness or diameter greater than 60mm. According to the China Iron and Steel Industry Association, as the world's largest steel producer, China's steel demand growth slowed to 8% in 2011 and may slow to 4% in 2012. The decline in steel production has directly affected the demand for two major bulk commodities for steelmaking - iron ore and coking coal

an executive of Jinan Iron and Steel Co., Ltd., one of the overstocked iron ore shippers in Qingdao port, told that due to the real estate regulation and the sudden brake of the infrastructure industry, Jinan Iron and Steel Co., Ltd. had to cut production, try to keep iron ore inventories low, and try to expand non steel business for the winter

dismantle the iron ore piled up in the office building

"nowadays, the steel mills only maintain a minimum, and the first thing to do is to take the road of resource-saving development. The goods of traders are all piled on the wharf. The iron ore piled up in the whole wharf is about 15million tons. The wharf has even dismantled the iron ore piled up in the office building, so there is really no room to make it a yard."

even standing in Baisheng office building on Zhongshan Road in Qingdao, overlooking Qingdao harbor Qianwan Wharf in the sunset more than ten kilometers away, the huge ore ships and mountains of iron ore are also quite shocking

Qingdao port radiates North China, and ores from large iron and steel enterprises such as Hebei Iron and Steel Co., Ltd. and Shandong Iron and Steel Co., Ltd. enter the port from here. In the past 2011, more than 100 million tons of iron ore were imported here. These gravels come from Brazil, Australia or South Africa. After being dug out of the ground by global mining giants vale, Rio Tinto and BHP Billiton, they are loaded into more than 100000 tons of Cape ships. After 40 days or half a month of long sea transportation, they arrive at Qingdao Port - finally, most of these gravels will be transformed into buildings and cars in China

"in September, 2011, I bought two ships of iron ore, and it was $180 to sail out of Australia. When I arrived at Qingdao port more than a month later, the price fell to $130. I lost more than 100 million on the two ships, and lost all the profits of the year." Liu Yukun, chairman of Qingdao century Ruifeng group, stood on the 40th floor of Baisheng office building, looking at the Qingdao Port Wharf in the distance and said with a wry smile. Century Ruifeng is one of the largest private iron ore traders in Qingdao, with an annual import of nearly 10million tons of iron ore

at this time, his ring. Over there, a trader who wants to sell iron ore is also looking for buyers. "At this time in 2011, Chinese steel mills and traders misjudged the fundamentals and bought a large amount of iron ore. unexpectedly, the European debt crisis occurred, and China's economy then plummeted. Its thermal insulation performance was better than polystyrene foam slip. The price of iron ore has plunged since September 2011. Now, there are many iron ore in Qingdao port that have been directly abandoned." Liu Yukun hung up and said

in the past two weeks, Chinese buyers of thermal coal (coal commonly used for power generation) and iron ore have canceled contracts, causing their prices to fall sharply. The price of iron ore paid by China has fallen by more than one third from the peak in September 2011 to about US $130 per ton. Vale has repeatedly offered preferential promotions to Chinese steel mills in terms of price, but the steel mills have still not shown interest in buying

Qiangang ore company is the unloading company of Qingdao port iron ore. On the afternoon of May 29, 2012, two Cape of good hope ore carriers were unloading at the same time on the Ore Wharf. A ship unloader who has worked in the port for ten years said that since this year, the import of iron ore has not decreased significantly. Four or five ships still enter the port every day for unloading, and the ship unloaders are still in "three shifts". But now the biggest headache is the stacking problem of iron ore after unloading, "unlike the past two years, no one will transport these iron ore away"

in the iron ore yard of Qingdao port, a truck driver from Weifang is lazily putting his legs on the steering wheel. "Business here this year is much worse than last year, and there is no work to do. Now there are fewer ore ships coming every day than before, but there are far fewer people coming to pull ore than before." He said

the most intense feeling of this roller coaster is the hotel living near the Qianwan wharf of Qingdao port. A restaurant owner said that in the past two years, train drivers from Hebei and Shanxi have been coming and going constantly, but in the past oneortwo months, fewer and fewer people from other places have come to pull iron ore

a middle-level man at Qiangang wharf said to him, "at the end of the day, iron ore is pulled out and new ones are brought in. Maybe there is no change in the ore pile, but you know, there are only more than 30 iron ore trains in and out of the port every day, and at least more than 50 trains at the peak."

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