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Tianjin haotiantai pipe industry
Source: http://sunshineooty.com Number of visits:

Import iron ore prices rose slightly this week. Data show that 58% of Australian flour powder is 73 US dollars / ton, up 2 US dollars / ton compared with last week; 61.5% Australian flour 83 USD / T, up 2 USD / T compared with last week; 62% Australian dollar 102 US dollars / ton, up 2 US dollars / ton compared with last week.

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Recently, Baosteel, a subsidiary of Baowu group of China, and Rio Tinto Group of Australia completed the first RMB cross-border settlement using blockchain technology, with a total amount of more than 100 million yuan. This is another new progress after Baosteel completed the first RMB cross-border settlement with vale and BHP respectively in January and April this year. So far, China Baowu and the world's three major iron ore suppliers have achieved RMB cross-border settlement of iron ore transactions. Recently, Baowu of China has set up a raw material purchasing company, hoping to win more voice from the iron ore supply side, indicating that Baowu has begun to explore upstream resources. Actively strive for joint investment of domestic special-shaped pipe enterprises in overseas mines, and do not exclude overseas partners.
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The domestic iron ore market is still booming in both supply and demand, and overseas shipment is basically unaffected by the epidemic situation, and the arrival of iron ore to Hong Kong has increased slightly; On the demand side, the production of special-shaped pipe steel continued to pick up. It is estimated that in the first ten days of May, a total of 27.2428 million tons of crude steel was produced in China, with a daily crude steel output of 2724300 tons, a month on month increase of 1.67%. Port iron ore inventory declined for three consecutive weeks, with better demand and lower inventory supporting iron ore price performance. In the short term, the demand will support the iron ore price, the medium-term supply will gradually increase, and the space for the upward demand will be limited, and the iron ore price will still be in a stable downward trend.
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