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Shang-hua one: never said that ore prices to 82%
| Time：[2008-12-12] Read[212] | "When I said this, then? When told to go back to 1994, ore prices? Media do you talk nonsense!" On December 11, 2008 morning, Secretary-General, China Iron and Steel Association single-Shang-hua in this paper The reporters in a telephone interview Nanxiao still anger.
Two days earlier, a single-Shang-hua allegedly accepted an interview with foreign news reports, the media at home and abroad have been a lot of heated discussions. According to the report, single-Shang-hua said that as the world's steel price has dropped to 1994 levels, the CVRD, Rio Tinto and other international mining giant's iron ore contract prices should be reduced to the level of 1994, the price is equivalent to 82% .
Legitimate global financial crisis intensified, one of the Shang-hua's "speech" naturally raised outside of the iron and steel industry has generated, the Chinese iron and steel also business and BHP Billiton and other international iron ore giants in 2009 iron ore price negotiations and confusing .
Shang-hua single plead innocence
Iron and steel enterprises in China and BHP Billiton, and other giants of the international iron ore price negotiations, the China Iron and Steel Association will no doubt play an important role as the association's Secretary-General, one of the Shang-hua has made an important component.
11 am, the meeting is in the single-Shang-hua reporters in a brief telephone interview, repeatedly stressed that he never said that iron ore prices should return to 1994 levels. "I say that steel prices have come down to price in 1994, the ore (price) should also come down substantially, as the number down to, to go through a negotiated settlement between the two sides."
For the media, "the equivalent of 82% of the price," said Shang-hua single question: "When I said to be down 82%? What is 82%? 82% of which year?"
This reporter has learned that recently, China's iron and steel enterprises have begun to invite BHP Billiton three iron ore giants signed in 2009 to discuss the iron ore supply agreement, one of the Shang-hua whitewash will help create a favorable atmosphere for negotiations.
However, "price" has become overwhelmed China's iron and steel enterprises common voice, but it is an indisputable fact. "BHP Billiton three iron ore giants in the Chinese market has reaped the profits, now the world's iron and steel industry slump, the supply of iron ore price should be dropped." Reporter in a recent interview, said that more than one iron and steel enterprises.
Data show that since 2002, the world's annual supply of seaborne iron ore price rise year by year. Australia to Newman ore powder, for example, in 2002-2008 the 6-year period, the price agreement from the 17.7 U.S. dollars / ton rose to 91.9 U.S. dollars / ton, up 419.8 percent cumulative. Among them, in 2005 and 2008 respectively, up 71.5 percent and as high as 79.88 percent.
According to Citibank, in the 2002-2007 period, the three major suppliers of iron ore production of 130% in average gross margin of more than 2006 up to 173 percent, the lowest in 2003, but still 104%. Removal costs and currency appreciation, its profit is still considerable.
At the same time, steel prices are much lower than the rate of iron ore prices. From fiscal 2002 to fiscal year 2008 of 6 years, the world's steel price index rose only an average of 178 percent. By the domestic steel price index in December 2002 rose to 102 points early in January 2008 of 134 points, rose only 31.4 percent.
"China's iron and steel enterprises for the hard work of foreign iron ore giant, profits are falling into the hands of their pockets, this state of affairs should not be allowed to continue." A certain iron and steel enterprises in Jiangsu, a cadre said.
"But 50 percent drop, down 30% is not that much"
In fact, both the China Iron and Steel Association, or the production of iron and steel enterprises require BHP Billiton and other international price of iron ore giant, is the common aspiration.
This is also the situation by force. Reporters found that as the global financial crisis spread to the economy, the Chinese iron and steel production and operation is also a substantial decline in October national loss of 71 large and medium-sized steel 5,835,000,000 yuan. Of these, 42 enterprises at a loss, the loss reached 59.15 percent.
China's iron and steel industry led to the tightening of demand for iron ore sharply. During the first nine months, China's iron ore supply exceeds demand. According to statistics, the January to September this year, China imported iron ore 346,470,000 tons, and domestic and imported ore mine total 632,470,000 tons, exceeding demand over the same period of about 64,000,000 tons.
At the same time, but significant increase in iron ore inventories. As of November of this year, an increase of about port inventory 90,000,000 tons, the port other than the increase in inventory of about 28,000,000 tons.
"World financial crisis will severely inhibit the growth of Chinese iron and steel industry, real estate, cars and home appliances market decline will further squeeze the profit space for steel industry, iron ore and shipping market will bid farewell to the era of huge profits." In the recently held "2009 Chinese iron and steel market outlook and 'My network of steel' annual meeting ", the China Metallurgical Mining Enterprise Association, Zou such a claim.
But what price is the number of supply and demand of iron ore a mutually acceptable price point?
"My iron and steel net," Wang Jianhua, deputy director of the Research Center: "long-term agreement in 2009 iron ore prices fell 50 percent, however, is not more than 30% down."
"My iron and steel net," analyst section had to win correspondent accounts calculations: December 10, India ore (ore spot) price for the 75 U.S. dollars / ton, according to the spot the previous day's sea freight charter , Australia ore (ore agreement) value for the 96.4 U.S. dollars / ton, Brazil powder ore (ore agreement) value for the 82.8 U.S. dollars / ton. India's mineral ore price lower than Brazil 10.4%, lower than the Australian mining 28.5 percent.
"As far as the present spot price and the price difference Protocol, an agreement in 2009 iron ore prices should drop 30% -40%." Sheng said that the festival has, "in the last round of strong economic growth, the mining enterprises to benefit from the obvious large In the production of iron and steel enterprises, Australia offshore mineral powder, even if the price fell 50 percent, still higher in 2002 than 160 percent, iron ore giants are still making huge profits. "
However, BHP Billiton, and CVRD iron ore giants such as China's iron and steel enterprises in the voice of prices does not seem to buy it. CVRD and Rio Tinto have recently cut the notice of the plan, BHP Billiton's iron ore exports in November down to 9 months since a new low. Recently, Rio Tinto also announced that it would lay off 14,000 people. "Iron ore giants look forward to the adoption of measures such as reduction of iron ore will be maintained at a high price, which the Chinese iron and steel enterprises should not be taken lightly." Shanghai iron and steel industry experts who advise.
And BHP Billiton and Rio Tinto spokesman for the newspaper by e-mail reply, in 2009 for iron ore Gong Huojia how many reasonable, do not want to comment. |
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