Prices go up drop calculation rule is not clear

On December 31, 2012, the national development and reform commission issued "on the implementation of the general office of the state council on deepening the reform of the coal market guidance to do a good job of production need to join notice,"Seamless tube used in steam pipe coal linkage mechanism is put forward for the first time.When coal prices fluctuate by more than 5%, with annual cycle, adjust feed-in tariff;At the same time to the electric power enterprise given prices fluctuation changed from 30% to 30%.In thermal coal prices appeared abnormal fluctuations, according to the relevant provisions of the price law temporary intervention measures.

5% of the above mentioned in the notice, the called line of electricity price adjustment policy,seamless steel pipe astm a106 gr b calculation for the annual cycle.

This year on January 9, qinhuangdao coal net released this year for the first issue of the bohai sea thermal coal index for 633 yuan/ton;Yesterday (December 25), released this year's final index for 631 yuan/ton.Years of trough appears in the October 9, the current index is 530 yuan/ton, compared with the early fell 103 yuan/ton, 16.2% decline.

Lin Bojiang in an interview with the daily economic news "reporter said that this year's coal price volatility should not according to the early and late two nodes to calculate, and should take all the average price of coal to the year and at the beginning of the coal price compare.Chief consultant farce can consult Li Ting also told reporters that should be calculated according to the annual average prices.

Ore traders appeared in the crisis

Rely on the traditional way of trade to make money, does not sell high and buy low, but for the ore trade merchants, when there is a difference between buying and selling,RF/FF welding socket slip on flange so it's difficult to avoid price risk.But in an interview with reporters found that there have been an increasing number of traders, begin to use financial instruments to hedge risk.
For trade ShangWu after ray, really realize the function of futures, and earlier this year.He was at $150 a tonne, for 300000 tons of iron ore from Australia, when the ships is on his way to China, ore prices started to fall.At this time he felt the risk, quickly on the rebar futures made an empty list.Then iron ore prices fell to $127 a tonne, spot, but fortunately the short selling in the futures market to let him earn 200 yuan per ton on rebar, accounting down not only didn't lose money also made a lot of.
Shanghai yi complex investment company chairman Wu Fulei told reporters: at that time we have, this model (traditional trade) is crazy, almost everyone is in gambling market, our philosophy is we don't bet, basically we are forecasting a drop of may, we'll do the hedge, so that we can always maintain normal profits.
First futures trading let Wu Fulei tasted the sweets, then he formed his own professional financial team, started a new trade mode combined with spot trade.As October 18 listed on the domestic iron ore futures, futures market has formed a complete coal tar and steel plate, many traders have started to use financial instruments as a safe haven.
, said: shandong wanbao group chairman for China through the platform and the tools of technology futures, for better cost of steel lock, help steel mills to reduce costs, avoid risk.