Australia iron ore negotiations or staged highlight – the price of iron ore, iron ore negotiations – Steel Industry
2008 fiscal year Iron ore Although price negotiations, "gorgeous" opening, but far from the end, the "key" is yet to come.
Analysts believe that Japanese and Korean steel mills and Brazilian mining "starting" price of the situation, China's "comeback" is unlikely, is expected to soon be receiving 65% of Brazilian iron ore fines increase. But then this negotiation is the "climax": Chinese steel mills with Australian mining will be in the sea freight compensation and "quality and favorable price, inferior inferior price" to stage the peak PK duel.
Negotiations have broken more than practice
2 18, the world's largest iron ore producer Vale do Rio Doce (Vale) announced that it has five major steel mills in Japan, Korea, Pohang Iron and Germany Thyssen – Krupp agreement, fiscal 2008 the southern system, the company fine ore benchmark prices (fob) basis in fiscal 2007 were up 65%, Japan, Korea, Germany, rose to 118.98 cents, respectively / dry tonne degrees 134.41 cents / dry tonne degrees; high-grade of Caracas (Carajas) powder ore benchmark price increase for additional 6.19 cents / dry tonne degree, Japan, Korea, Germany, rose to 125.17 cents respectively, / dry tonne degrees, 140.60 cents / degree of dry tonnes, or 71, respectively %, 66%.
Analysis of these results can be found, the first of this year's iron ore price negotiations to achieve results with previous years, there are many differences: First, the same type of iron ore, increase the quality of various different; Secondly, the same type of same-quality iron ore, global different parts of rose; third, Thyssen – Krupp did not determine the demand of Europe's largest pellets, lump ore benchmark price increase.
According to analyst Hu Kai joint introduction of metal mesh, previously there had been a similar increase the quality, inconsistent or inconsistent with the quality gains over the situation, but since 1999, the international iron ore benchmark price negotiations open basically formed increase over the same consistent quality, the same type of increase the quality and consistency of practice.
Rio Tinto (RioTinto) Asia and China into 19 years, President Lu also said that Japan and South Korea Steel and CVRD agreed outcome of the negotiations "without precedent."
Pakistan agree on almost no suspense
This point, the second to fourth in world rankings and Europe's second largest steel mill were reached with CVRD iron ore negotiations, agreement, Baosteel and CVRD, Rio Tinto talks with Japanese and Korean steel mills are still under way.
Baosteel Group Vice President Dai Zhihao said the new shows introduced in Japan and South Korea starting price of steel and Brazilian mining giant, a common judge on the market. As for how to treat this result Baosteel, "Research is currently being discussed."
And in 2005 rose about 71.5% under the same again this year for the Japanese steel mills in China Steel Industry unexpectedly rose. However, market participants noted that China Iron and steel industry Association, 65% of the increase did not make any comment, and in 2005 determined not to accept the results of the negotiations stand in stark contrast.
Hu Kai, that in Japan and Korea in Asia to determine the price of the basic situation, the ongoing negotiations, Baosteel is almost no room to maneuver, because Chinese steel mills and mines the long-term supply contracts signed expressly provides that "in order to determine the current negotiated prices in Asia benchmarks. "
Analysts believe that in negotiations with CVRD, Baosteel "comeback" is unlikely to soon accept the fine ore is expected 65% increase.
Ocean freight compensation PK "bad bad price"
Although the Vale of "starting" price massive, but far from ending the negotiations, not only block the three types of iron ore mines and pellet price increase has yet to drop, the Australian mines have been demanding compensation for sea freight not yet up to the plate.
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