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Position:Market dynamics

Marine cost drops greatly structure of iron ore entrance is crude change

From;    Author:Stand originally
BDI drops defeat 2000 bits of   on October 13, index of Baltic dry bulk cargo (abbreviation BDI index) close at 1976 bits, drop defeat 2000 bits of col, odd-numbered days drops 12. 4 % . This is from August 2006 the history of 25 months is new since the portion low.
BDI index is to look international is measured on preexistence bound degree of boom of shipping of marine prices, report, reflect the authoritative index of situation of the trade between international then.
The international shipping price that combines gauze goes power plan to show, arrive from September 2007 in October 2008, BDI index shows two wave crest of a trough go situation. With eleven thousand seven hundred and seventy-one bits of photographs of apogee will be compared on May 22 this year, BDI dropped 9795 a little bit, drop amount to 83. 21 % .
"Market of iron ore of our country entrance lasts depression is the main reason that BDI index drops since second half of the year. " Du Wei of analyst of channel of associated gauze iron ore says.
Iron ore carries the major servicing content that is marine course of study, marine trade volume holds global iron ore the 26 % left and right sides of gross of commerce of global bulk cargo. Commerce of Chinese iron ore measures the 40 % above that holds gross of commerce of global iron ore, hold the 80 % above of increment of iron ore commerce. This year in January, chinese entrance iron ore already occupied global iron ore 48 of marine quantity. 75 % , be considered as to drive BDI index to be in exalted the mainest factor.
Du Wei analysis says, the computational formula of BDI index is very complex, among them a numerical value happening changes, very big to final index influence. Entrance of Chinese iron ore measures drop to meet those who cause this index drop likewise.
According to data of statistic of steely industry net, when highest peak of marine on June 6 this year cost, brazil goes to China (treasure mountain of / of boreal logical sequence) marine cost ever was as high as 109 dollar / ton, australia goes to China (treasure mountain of / of boreal logical sequence) marine cost also achieves 51 dollar / ton. On October 9, brazil reachs China (treasure mountain of / of boreal logical sequence) marine cost quoted price is 25. 283 dollar / ton, australia reachs China (treasure mountain of / of boreal logical sequence) marine cost is 11 dollar / ton. Relatively when highest peak of marine this year cost, brazil drops to sea freight of China 83. 7 dollar / ton, fall amount to 76. 80 % ; Australia drops to sea freight of China 40 dollar / ton, fall amount to 78. 43 % .
Drive in what BDI index steeps fall, marine share price dives considerably in succession. BDI drops defeat 3000 a little bit on October 6, chinese ocean (9.3, - 0.29, - 3.02% , ) stock of company of the sea in mixing all falls stop. Chinese ocean H drop in share price a week even more 3 into.
This year 7, August, come from slow down of iron ore demand, marine course of study also sufferred inflict heavy losses on. Need and need develop and force develop group all reduced spot market marine to hire an amount of purpose, shipping transport power is unused, bring about freight rate to drop. Indian course also reduced the traffic of iron ore. Because of price dispute, brazil and Chinese respect ever reduced Brazilian mine to enter Chinese amount of purpose, affected Brazilian line the demand to transport power.
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