Iron ore prices fell Australian miners China market share increase
2015-02-03 16:38:01 COMMENT：0 HITS：
With iron ore prices fell to the lowest level since 2009, Australian miners in Chinese battle for market share gain a complete victory.
China customs data released Friday showed, compared to 2013 last year, the number of China iron ore from Australia imports rose from 51% to 59%, the number of imports from Brazil decreased from 19% to 18%, the import of data from other countries has dropped from 30% to 23%
According to Bloomberg, 2014, BHP, Rio Tinto Group (BHP) (RioTinto) and Fortescue group (FMG) of metal extracted more low-cost iron ore, hoping to offset the impact of falling prices by increasing production, while forcing the lack of competitive rivals and Chinese miners collapse.
According to the British "Metal Bulletin" (MetalBulletin), delivery to the port of Qingdao, the taste of 62% iron ore price today fell 0.6% to 66.42 U.S. dollars / ton, the lowest since 2009. In the past year, fell ore prices fell 47%.
In a January 14th report, Citigroup will iron ore this year average price from the previous forecast of $65 to $58. Credit Lyonnais Securities believes that the mining giants continue to increase supply is reasonable, because of falling oil prices have reduced their cost, even if the iron ore prices fell also can maintain the original profit rate.
CLSA analyst IanRoper told Bloomberg in the customs data:
Australia (enterprises) to gain more market share because of their every move faster. FMG the past two years the performance is quite good, BHP Billiton also super expected performance last year, Rio Tinto always on time delivery.
Customs data show that last year China imports from Australia about 5.48 tonnes of iron ore, a year-on-year growth of 32%; only in December imported 52400000 tons, the highest since 2004, the highest single month record.
In addition, China imported from Brazil about 1.71 tonnes of iron ore, a year-on-year growth of 10%.
China customs data released Friday showed, compared to 2013 last year, the number of China iron ore from Australia imports rose from 51% to 59%, the number of imports from Brazil decreased from 19% to 18%, the import of data from other countries has dropped from 30% to 23%
According to Bloomberg, 2014, BHP, Rio Tinto Group (BHP) (RioTinto) and Fortescue group (FMG) of metal extracted more low-cost iron ore, hoping to offset the impact of falling prices by increasing production, while forcing the lack of competitive rivals and Chinese miners collapse.
According to the British "Metal Bulletin" (MetalBulletin), delivery to the port of Qingdao, the taste of 62% iron ore price today fell 0.6% to 66.42 U.S. dollars / ton, the lowest since 2009. In the past year, fell ore prices fell 47%.
In a January 14th report, Citigroup will iron ore this year average price from the previous forecast of $65 to $58. Credit Lyonnais Securities believes that the mining giants continue to increase supply is reasonable, because of falling oil prices have reduced their cost, even if the iron ore prices fell also can maintain the original profit rate.
CLSA analyst IanRoper told Bloomberg in the customs data:
Australia (enterprises) to gain more market share because of their every move faster. FMG the past two years the performance is quite good, BHP Billiton also super expected performance last year, Rio Tinto always on time delivery.
Customs data show that last year China imports from Australia about 5.48 tonnes of iron ore, a year-on-year growth of 32%; only in December imported 52400000 tons, the highest since 2004, the highest single month record.
In addition, China imported from Brazil about 1.71 tonnes of iron ore, a year-on-year growth of 10%.
previous_pagefirst_page
next_pageChinese High-speed Rail output will cooperation with more than 20 countries
