Vale Iron Ore Futures Another Accident Flash Crash Far - Term Contract Sealed Down By The Limit

- Apr 22, 2019-

Vale iron ore futures another accident "flash crash" far - term contract sealed down by the limit

Monday (March 18) morning opening, iron ore (619,5.00,0.81%) shi yuanyue contract lightning hit the 1909 limit, the main 1905 contract also quickly back to step on 600 yuan/ton line.As of yesterday afternoon's close, the main iron ore 1905 contract fell 5.10%, the largest one-day drop since November 26, 2018, far 1909 contract sealed in the limit."The main impact of the disk came from the resumption of about 30m tonnes of previously closed vale capacity."Shi lei, head of the investment and consulting department of new era futures, said the iron ore price had been strongly pulled up and maintained a high oscillation under the stimulus of favorable macro situation, the expected improvement of demand and Brazil's sharp supply contraction.At this stage the overall iron ore positive still exists, but Brazil's vale series of events on iron ore prices to re-estimate.On March 19, Brazil time, vale officially announced that the previously closed Brucutu mining activities and laranjeiras tailings dam operation has been approved to resume, involving 30 million tons of iron ore capacity.However, at present, the mine and tailings dam are still closed, and the final restart time still needs to be answered by the ministry of environmental protection.In fact, the overall iron ore output of the four major mines increased in 2018. In the first three quarters, a total of 825.403 million tons of iron ore were produced, a sharp increase of 15.65% from the same period in 2017, with an increase of 32.223,000 tons.In terms of mines, vale produced 283.653 million tons of iron ore in the first three quarters, an increase of 3.85 percent year-on-year, or 10.504 million tons.Rio tinto, second only to vale in terms of output, produced 21.5782 million tons, 8.954 million tons more than in the first three quarters of 2017, up 4.33 percent year-on-year.BHP billiton produced 18.2668 million tons of iron ore in the first three quarters, up 13.365 million tons or 7.89% over the same period in 2017.Fortescue's production for the first three quarters fell slightly by 0.42 per cent to 143.3 million tonnes from 600,000 tonnes a year earlier.In 2019, vale will have new projects reaching full capacity, with an annual capacity increase of 30 million tons. Rio tinto and BHP billiton will also improve capacity utilization, and fortescue is expected to maintain its current capacity.Previously, the four major mines were expected to increase production by 30 million to 40 million tons in 2019, but vale's production capacity affected by the accident so far has reached 82.8 million tons, of which about 40 million tons are deterministic production reduction and 42.8 million tons are temporary production suspension.The 30 million ton iron ore capacity of the Brucutu mine has been approved to resume, and the total supply of the four mines in 2019 will be the same as that in 2018."In 2019, China's crude steel production is expected to reach 940 million tons, while the total supply of iron ore is flat while the total demand increases slightly, which will support the shift of iron ore price center of gravity."Shi lei said.Futures daily reporter found in the interview, some industry people are not pessimistic about iron ore afternoon, because the seasonal law of steel mill starts to boost iron ore demand for the expected upturn.In the heating season of 2018/2019, "2+26" cities in China adopted differentiated peak shifting production plan, and the environmental control target was "heavy pollution days decreased by 3% year on year, PM2.5 concentration decreased by 3% year on year", which was somewhat relaxed compared with the year of 2017/2018 on the whole.From the perspective of the impact on the steel plant construction, the operating rate of blast furnaces in hebei decreased from 80% to 50% in the 2017/2018 heating season, while the operating rate of blast furnaces in hebei only decreased from about 70% to 55% in the 2018/2019 heating season.Crude steel output has fallen since peaking in October 2018, falling to 73.25 million tonnes in January.In the steel started a heating season after the downturn, the market is widely expected to start in late march steel mills are about to usher in the resumption of peak season.But since march, tangshan, wuan, linfen and other places with poor air quality, heavy pollution around the weather emergency response, steel mills and coking and other polluting industries stage strict production restrictions.As of March 20, steel mills did not have a significant recovery in the rate of operation, steel mills on iron ore procurement is relatively flat.According to shi lei introduction, the inventory of iron ore of average steel mill maintains in 20-35 days.Since the beginning of December last year, steel mills to iron ore a small amount of replenishment, the Spring Festival eve of the rapid rise in iron ore prices, steel mills continue to increase replenishment, but since march, steel mills have weakened.On the one hand, steel mills are operating normally, on the other hand, iron ore stocks have recovered to 31 days' worth of usable days, while iron ore port stocks rose to 14.7 million tonnes in the week ended March 15."The domestic demand this month because of the two sessions in tangshan and the surrounding areas of strict production restrictions, temporarily suppressed."With the end of the two sessions, the production limit will be gradually lifted, and the demand will gradually improve.Guotai junan iron ore researcher ma liang said.The impact of vale's events on iron ore capacity will reduce overall production at the big four mines in 2019, according to the respondents, while iron ore demand for the whole year will increase due to the expected increase in Chinese steel production. Iron ore supply and demand will be tighter than in 2018, and the price focus is expected to be higher.However, the approval of the resumption of 30 million tons of closed capacity has weakened the reduction of production at the four major mines, which will restore the iron ore prices that have been sharply raised in the early stage and restrict the upside of iron ore.On the other hand, the road for steel mills to resume production is a little bumpy, the spring start season will be late but will not be absent, iron ore demand is still expected to improve, as for the expected impact on iron ore prices, or has been in the early rapid pull up the process of "overdraft" part.Iron ore prices to adjust the short - term, far more than the monthly decline in recent months, but demand expectations still exist, should not be too bearish."It will be interesting to see if the restrictions in places such as tangshan end as scheduled and if the 12.8m tonnes of temporary capacity shut down in Brazil are reopened."Shi lei said.

Product Description
Product Description
ALLOY SEAMLESS STEEL PIPES AND TUBES ( ASTM A335 GRADE P5, P9, P11, P22, P91 / ASME SA335 GRADE P5, P9, P11, P22, P91 / ASTM A213 GRADE T5, T9, T11, T22, T91 / ASME SA213 GRADE T5, T9, T11, T22, T91) we carry a full inventory of Alloy Steel Seamless Pipe and Supply Alloy Steel Seamless Tube products in a variety of sizes to meet the High temperature service requirements for applications the Power Plants, Petro Chmical Plants and Refineries industries. Alloy Steel Seamless Pipes and Tube steel pipe can be structural in nature or used in fluid and oil transmission. We Supply Alloy Steel Seamless Pipes and Tubes in ASTM A335 Grade P5, ASTM A335 Grade P9, ASTM A335 Grade P11, ASTM A335 Grade P22, ASTM A335 Grade P91, ASTM A213 Grade T5, ASTM A213 Grade T9, ASTM A213 Grade T11, ASTM A213 Grade T22, ASTM A213 Grade T91.The grade indicates the testing methods required for a given application. It is critical that structural grades of Carbon Steel Pipe not be used for Pressure or Fluid applications.
202007301058422541375
Specification
ASTM A335 / ASME SA335 / ASTM A213 / ASME SA213
Technology
Hot Rolled / Cold Drawn
Outer Diameter Size
A335 - 3/8" NB To 30" NB (Nominal Bore Size), A213 -3/8"OD To 5"OD
Wall Thickness
Schedule 20 To Schedule XXS (Heavier On Request) Up to 250 mm Thickness
Length
5 To 7 Meters, 09 To 13 Meters, Single Random Length, Double Random Length And Customize Size.
Dimension
All Pipes Is Manufactured and Inspected / Tested to the Relevant standards including ASTM, ASME, API.
Pipe Ends
Plain Ends / Beveled Ends / Coupling
Value Added Services
Draw / Expansion / Machining / Sand Blasting / Shot Blasting / Galavanizing / Heat Treatment

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202007301058422541375
Direction for use
we carry a full inventory of Alloy Steel Seamless Pipe and Supply Alloy Steel Seamless Tube products in a variety of sizes to meet the High temperature service requirements for applications the Power Plants, Petro Chmical Plants and Refineries industries. Alloy Steel Seamless Pipes and Tube steel pipe can be structural in nature or used in fluid and oil transmission.
  • Description of application effect

Alloy steel is steel that is alloyed with a variety of elements in total amounts between 1.0% and 50% by weight to improve its mechanical properties. Alloy steels are broken down into two groups: low-alloy steels and high-alloy steels. The difference between the two is somewhat arbitrary: Smith and Hashemi define the difference at 4.0%, while Degarmo, et al., define it at 8.0%.Most commonly, the phrase "alloy steel" refers to low-alloy steels.
Strictly speaking, every steel is an alloy, but not all steels are called "alloy steels". The simplest steels are iron (Fe) alloyed with carbon (C) (about 0.1% to 1%, depending on type). However, the term "alloy steel" is the standard term referring to steels with other alloying elements added deliberately in addition to the carbon. Common alloyants include manganese (the most common one), nickel, chromium, molybdenum, vanadium, silicon, and boron. Less common alloyants include aluminum, cobalt, copper, cerium, niobium, titanium, tungsten, tin, zinc, lead and zirconium. 
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This specification2 covers nominal wall and minimum wall seamless ferritic alloy-steel pipe intended for high temperature service. Pipe ordered to this specification shall be suitable for bending, flanging (vanstoning), and similar forming operations, and for fusion welding. Selection will depend upon design, service conditions, Mechanical Properties, and high-temperature characteristics.ASTM A335 Pipe (ASME S/A335, Chorme-Moly) is a seamless ferritic Alloy-Steel Pipe for high temperature service. Pipe ordered to this specification shall be suitable for bending, flanging (vanstoning), and similar forming operations, and for fusion welding. Sometimes referred to as “P Grade”, Chrome Moly Pipe is popular in P-Grades P5, P9, P11, P22, and P91. The most common use of grades P11, P22, and P91 is in the power industry and petro-chemical plants, Grades P5 and P9 are commonly used in refineries. A335 is often called chrome moly pipe because of the chemical makeup of Molybdenum (Mo) and Chromium (Cr). Molybdenum increases the strength of steel as well as the elastic limit, resistance to wear, impact qualities, and hardenability. Moly increases the resistance to softening, restrains grain growth and makes chromium steel less susceptible to embrittlement. Moly is the most effective single additive that increases high temperature creep strength. It also enhances the corrosion resistance of steel, and inhibits pitting. Chromium (or chrome) is the essential constituent of stainless steel. Any steel with 12% or more Chrome is considered stainless. Chrome is virtually irreplaceable in resisting oxidation at elevated temperatures. Chrome raises the tensile, yield, and hardness at room temperatures. The composition chrome moly alloy steel pipe make it ideal for use in power plants, refineries, petro chemical plants, and oil field services where fluids and gases are transported at extremely high temperatures and pressures.stocks a full range of the following A335 pipe grades: ASTM A213 seamless pipes tubes Standard Specification for Seamless Ferritic and Austenitic Alloy-Steel Boiler, Superheater, and Heat-Exchanger Tubes This specification covers seamless ferritic and austenitic steel boiler, superheater, and heat-exchanger tubes. Grades containing the letter H in their designation have requirements different from those of similar grades not containing the letter H. These different requirements provide higher creep-rupture strength than normally achievable in similar grades without these different requirements. The tubes shall be made by the seamless process and shall be either hot finished or cold finished, as specified. Grade TP347HFG shall be cold finished. Heat treatment shall be done separately and in addition to heating for hot forming. The ferritic alloy and ferritic stainless steels shall be reheated. On the other hand, austenitic stainless steel tubes shall be furnished in the heat-treated condition. Alternatively, immediately after hot forming, while the temperature of the tubes is not less than the minimum solution temperature, tubes may be individually quenched in water or rapidly cooled by other means. Tension test, hardness test, flattening test, and flaring test shall be done to each tube. Also, each tube shall be subjected to the nondestructive electric test or hydrostatic test.


Grade
P-5
P-9
P-11
P-22
P-91
Element
UNS Designation
K41545
S50400
K11597
K21590
K91560
Carbon
0.15 max
0.15 max
0.05 – 0.15
0.05 – 0.15
0.08 – 0.12
V at 0.18 – 0.25
Manganese
0.30 – 0.60
0.30 – 0.60
0.30 – 0.60
0.30 – 0.60
0.30 – 0.60
N at 0.030 – 0.070
Phosphorous, max
0.025
0.025
0.025
0.025
0.020
Ni at 0.40 max
Sulfur, max
0.025
0.025
0.025
0.025
0.010
Al at 0.02 max
Silicon
0.50 max
0.25 – 1.00
0.50 – 1.00
0.50 max
0.20 -0.50
Cb at 0.06 – 0.10
Chromium
4.00 – 6.00
8.00 – 10.00
1.00 – 1.50
1.90 – 2.60
8.00 – 9.50
Ti at 0.01 max
Molybdenum
0.45 -0.65
0.90 – 1.10
0.44 – 0.65
0.87 – 1.13
0.85 – 1.05
Zr at 0.01 max

Cangzhou Steel Pipe Group (CSPG) Co., Ltd

Cangzhou Steel Pipe Group (CSPG) Co., Ltd. is a large-sized, key metallurgic enterprise of Hebei Province in North China, whose history dates back to 1994. CSPG currently em/paces six member companies with products varying from SSAW, LSAW, ERW, seamless steel pipes to 3PE pipes, galvanized pipes, casing pipes, etc. A Joint-stock corporation, CSPG occupies an area of 600,000 square meters with a total asset of $530 million.



Specialized in the production of straight welded pipe spiral pipe galvanized pipe 3PE/3PP/FBE/TPEP internal and external epoxy powder internal and external epoxy resin cement mortar two cloth three oil buried pipeline IPN8710 non-toxic drinking water internal and external plastic coated lining plastic and other anti-corrosion pipe fittings for oil and gas pipeline water conservancy projects



Executive standard :DIN30670 DIN30678 CSA Z245 AFNOR nf49-710/711 NACE rp0394/0490 AWWAC 210/C213GB/T9711 API 5L ISO 3183Material: Q235B/Q355BGR A GR B x42-x80 l245-l555

 

Business scope: 21.3mm-3620mmLSAW submerged arc welded pipe 325-2020mmERW straight welded pipe 6mm-711mmSMLS seamless tube 10-1120mmSSAW spiral steel tube 219-3620mmDemand for quality suppliers and partners