China optimistic about int'l iron ore market

时间：2007-04-29 06:38:30

（单词翻译:单击）

Chinanews, Shanghai, April 29 - According to a report by Shanghai Securities News, China is pretty optimistic about the future international iron ore market, due to the current expansion of production of major iron ore suppliers in the world.

 

The information was released at Far East Steel 2007, saying that there will be an iron ore production hike in 2007, enough to meet the demand of the international market. In the latter half of 2007, there might even be an excessive supply of iron ores, when the price of iron ores will start to drop. Taking cost of shipping1 into consideration, the iron ores will still be cheaper in the domestic market by then.

 

Currently, the investment on iron mines has greatly increased. It is estimated that the global maritime2 trade volume of iron ores will be 770 million tons, about 70 million tons more than in 2006. The iron ore export growth of Australia, India, and Brazil will be 35 million tons, 10 million tons and 30 million tons respectively in 2007.

 

China today doesn't depend so much on imported iron ores as it used to be. It is estimated that China will import 25 million to 30 million tons of iron ores in 2007 (9% more than in 2006), while its total demand for iron ores will be 70 million tons. Besides, there are some imported iron ores stored in ports, which will meet China's demand partly, too.

 
分享到：


点击收听单词发音收听单词发音  

1 shipping WESyg     
n.船运（发货，运输，乘船）
参考例句：
  • We struck a bargain with an American shipping firm.我们和一家美国船运公司谈成了一笔生意。
  • There's a shipping charge of ￡5 added to the price.价格之外另加五英镑运输费。
2 maritime 62yyA     
adj.海的，海事的，航海的，近海的，沿海的
参考例句：
  • Many maritime people are fishermen.许多居于海滨的人是渔夫。
  • The temperature change in winter is less in maritime areas.冬季沿海的温差较小。

©2005-2010英文阅读网