The soaring price of iron ore and the soaring price of steel have severely compressed the profits of China manufacturing industry.
The price increase of raw materials has threatened China economic security.
China is the world largest producer of steel and the world largest importer of iron ore.
In 2019, global iron ore demand was 1.652 billion tons, China bought 1.069 billion tons, accounting for 64.9% of global demand, and 67% of China imports came from Australia.
The price of Australian iron ore rose sharply in 2020, and this year it has risen.
From January to March 2021, the price of iron ore rose another 65%.
Most of the capital is afraid to build a new iron ore farm. Who knows what Australia thinks. If I invest a lot of money to build the iron ore, Australia will reduce the price backhand and I will lose money directly. Anyway, who is the price of iron ore? Neither can beat Australia and Brazil.
Without new competitors entering the game, China can only allow Australia to manipulate the price of iron ore, soaring all the way without turning back.
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The price of Nickel Titanium continues to be affected by factors such as market growth momentum,various opportunities and challenges.However,during the forecast period from 2020 to 2026,the global Nickel Titanium sales market is expected to continue to be above average.The growth rate will continue to increase.It is expected that from today to next week,the price of Nickel Titanium will increase to a certain extent.
Due to changes in consumer demand,import and export conditions,and various investigations on the development of Nickel Titanium,the cost of Nickel Titanium is constantly changing.Taking into account the current market macroeconomic parameters, value chain analysis,channel partners,demand and supply,the cost of Nickel Titanium will also be affected to a certain extent.It is estimated that the cost of Nickel Titanium will increase slightly from today to next week.
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