The price of iron ore from weakness?

From the recent iron ore price performance, it seems to have escaped by varieties of other commodities.But in the hemispherical pipe cap manufacturer in china case of the overall market impact, the iron ore can really?

Influenced by QE factors, gold and base

metals deep down, and even Asian steelmakers have said widespread losses and could cut capacity, but the seaborne iron ore spot prices not affected by the steel industry in the region pessimism, but continue ASTM A234 WPB Carbon Steel Equal Tee china producer to rise, the north China CFR powder ore back above $130 a tonne. Iron ore, seems to have escaped by varieties of other commodities. But in the case of the overall market impact, the iron ore can really?

Measure in week, in the short term, the supply and demand of iron ore is relatively balanced, stable price outlook also. Many other signs clearly indicated that: 1) the forward price 89mm SCH40 Seamless steel pipe and tube of iron ore is still in a premium; 2) China rebar futures prices rose sharply at present; 3) Chinese port iron ore inventory level is still relatively low; 4) the decline in China's steel inventories, and the end of the annual inventory in Asia seemed perfectly normal.

However, October 9 - productivity at risk of a seasonal decline in iron and steel industry in Asia. This will harmful to spot iron ore prices and stocks. Especially in 2013, the price of this callback may be amplified by Australian iron ore supply increased.