Over iron ore prices rose to $140 a tonne, this is the top five months, the reason is that China's steel industry began to rebuild inventories.

Iron ore is one of the most important commodity imports in China. The rise in prices reflected China's industrial sector growing confidence in economic prospects. Since mid-june, iron 62% of Australian benchmark iron ore prices have risen 28%, yesterday reached a high of $141.80 a tonne.

As investors have to readjust their views about China's growth prospects, the miner's share price has rebounded sharply; China accounts for more than 40% of the majority of metals and minerals demand, accounting for 60% of global seaborne iron ore market.

The rally is also a good one million head for mining industry, the industry relies heavily on iron ore to promote its profitability. Iron ore is the BHP Billiton (BHP Billiton), Vale (Vale, Rio Tinto (Rio Tinto) and Anglo American (sfo) miners, such as the most important drivers for profits.

Rio's shares surged 12.6% in four days, BHP shares rose 8.7%, and vale's share price soared 15% in a week.

Australia and Brazil, analysts say the two yield, reducing the supply of iron ore giants and Chinese traders and steel enterprise is just a wave of buying spree, two factors together, driving up prices.

Standard Bank (Standard Bank) bulk commodities analyst Melinda? Moore (Melinda Moore), points out that higher prices not only is the result of optimism about China. Supply is tight, especially vale delivery speed is not stable, and in China, concentrate were price declines in May, output has yet to fully recover.

Most analysts expected, as China's slowdown in demand, and a new wave of supplies into the market, the price of iron ore in the next few years will drop.