The world's fourth largest iron ore supplier prices plunged into a debt crisis

Reuters reported that the world's fourth largest iron ore producer in Australia FortescueMetalsGroup (FMG) and iron ore prices continued to fall into a debt crisis, the company's total debt has been as high as $ 4.5 billion. The report said, FMG is attempted contact with several international financial institutions debt restructuring.

The FMG into a debt trap and may restructure came out of the news since last week, the stock has been suspended from trading resumed trading this morning after the market was up 17.7%. Said in a Reuters report, Credit Suisse (CreditSuisse) and JP Morgan Chase (JPMorgan) has agreed to take over the the FMG debt restructuring work to pay off the first debt deadline may be postponed until November 2015. This will greatly ease the pressure of the FMG short-term funds.

The FMG, CEO of NevPower said in a statement: "We solve the debt problem quick action to ensure that the debt structure able to withstand long-term decline of the price of iron ore." Affected by the fall in the price of iron ore, FMG last week announced the suspension of a number of development projects.

A reluctant to disclose the names of the analysts, said: "This news may make all shocked." He said: "the FMG action fast, surprisingly, this also shows that the impact on manufacturers of iron ore prices far ultra imagine. "he added:" The debt restructuring is a good thing for the FMG. "

Earlier this month, FMG announced this year would cut $ 1.6 billion of investment spending, suspend the planned capacity expansion, and simultaneously announced the layoffs of thousands of people. In order to make up for lack of cash, the company also sells a power station operations.

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The steel enterprises comprehensive loss plan breakout trillion infrastructure projects to prop up the market

The steel firms comprehensive reduction program breakout trillion infrastructure undertakings to assistance the marketplace

How big the household steel firms large ability to confront the problems with the economic economic downturn weak need, in towards the 'winter', to determine who're able to preserve it in the direction of the complete. "Which grew to become the individual liable to the China Iron and Steel Expertise Conference held recently in Beijing, household steel rates essentially the most well-known experiencing.

Steel firms liable particular person even stated, "winter" with the steel market place likewise require at least 3-five several years, which needs iron and steel firms have to find new of growth and improvement on the iron and steel sector by way of technological innovation, find new growth points together with the latest income model.

The worst time period at any time

"Now's the worst length of history, every thing is actually a lot a lot more serious compared to 2008. Marketplace gross margin this earlier calendar year, less than .4%, the most cost effective in added than 20 industries to conduct company practical experience, industry-wide in the initial 1 / two of this season reduction. Maanshan Iron and Steel Expertise Innovation Manager Zhang stated.

Valin Xiangtan Iron and Steel, deputy chief engineer Liu Yonglong, steel trade enterprise "reservoir" function in lessening unwilling to having items, iron and steel firms you should not desire to decelerate, you should not desire to chop development, market place sales and profits you should not get, even so the steel inventory is rising. The steel sector has arrived in a actually crucial phase.

The current NDRC intensive accepted quite a few rail transit construction scheduling and freeway construction undertakings. This sector associates feel is propping inside the market place ". In link with this, Zhang, steel rates to the limited time period you will see smaller , downs. Zhang is pessimistic concerning the lengthy-term outcomes, "this round of winter months will certainly go on for just a considerable quite long time".

Modify the income model

Wang Qinghai, China Iron and Steel Marketplace Affiliation, stated: "repeat considerable overcapacity, rising pressure on belongings and ecosystem security have grown for being progressively notable deep-sitting contradictions going through the rough circumstance, development and procedure of these wants, we ought to find new of growth and improvement on the iron and steel sector by way of technological innovation Nevertheless, using the number of household technological innovation progressively thinning the area with throughout the world design steel sector smartly considerable technologies are actually not easy to deal with the improvement of absorption, find new growth points together with the latest income model, only by way of unbiased innovation. "

Dependant on Liu Yonglong to boost the price of initiatives to deal with the value reduction and effectiveness, inside the mining of recycleables, goods, and expenses get started modifying the dwelling for being able to reinforce the technological innovation as a technique of specialized innovation, together with the activation of institutional techniques to bolster enterprise administration, four ways, as short-term measures to handle the "winter".

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Promote Chinese iron ore spot trading platform building seminar

Chinese iron ore spot trading platform to accelerate construction, to guide the formation of the reasonable price of iron ore formation mechanism, September 11, Raw Material Industry in Beijing to promote Chinese iron ore spot trading platform building workshops. Attended the meeting of the China Iron and Steel Association, China Minmetals Chemicals Import and Export Chamber of Commerce, Sinosteel, Minmetals Group, Baosteel, Wuhan Iron and Steel, Anshan Iron and Steel, Shougang, Hebei Steel units, raw material industries, Deputy Director Luo Tiejun, Miao governance China attended the meeting.

At the meeting, the Beijing International Mining Rights Exchange platform for the construction and operation of the main problems of the delegates on the platform construction for the discussion of specific measures to strengthen the platform for building, expanding the platform trading volume. The meeting recommended that enterprises should seize the favorable opportunity of the iron ore market situation changes, and actively participate in the platform transaction, expand trading volume; Association to actively coordinate the three major mining companies to expand the amount of iron ore of the platform, to fight for the participation of small and medium-sized mining companies abroad platform transactions; trading platform to continuously improve the level of service and the ability to build a more reasonable operational mechanism.

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Jiangxi get 45 rare earth mining warrants

Learned from Jiangxi Province, relevant departments, the province of 45 rare earth mining warrants, accounting for over 60% of the entire mining warrants. Ganzhou Rare Earth Mining Co., Ltd. (hereinafter referred to as "Ganzhou Rare Earth"), one in the hands of the mining warrants from 88 down to 44.

Ganzhou Rare Earth Mining Warrants halved
For the news released by the provincial relevant departments, the reporter has been confirmed on the official website of Land and Resources to publish files No. 21 of 2012. Through careful inspection and control data of previous years, the reporter found that, after the number of domestic rare earth exploration licenses for 10, consistent with the number of the announcement. Mining warrants decrease than the original number of 67, only 46 less than before. Ganzhou rare earth kingdom, "said the leader of the city - Ganzhou Rare Earth" in the hands of a number of mining warrants also dropped, from 88 down to 44.

On the 14th, Ganzhou Rare Earth sector insiders said, national remediation work has been done on rare earth mining links. The specification of the rare earth mining warrants for Southern ionic rare earth mineral district.

It is reported that the northern rare earth mining rights is mainly concentrated in Baotou in the hands of the mining rights in the South is widely distributed in the largest province in various rare earth. Prior to a total of 89 mining permits in Jiangxi, Ganzhou Rare Earth "a 88 mining warrants held a total of six in Fujian, Guangdong Province, all four mining warrants by Rising colored holds.

To reduce mining warrants favor industry consolidation
Since last year, the in high profits stimulus, the rare earth enterprise into a Luancailuanwa unplanned planned production vicious cycle of state. In order to change the situation fundamentally, in July of this year, led by the Department of Homeland multisectoral develop rare earth mineral mining rights of access conditions provisions will also be established manufacturers: In addition to the strict limit to the amount and scale of mining resources, the main business income The high threshold must be more than 10 billion.

"Rare earth mining rights substantially reduce, aimed at changing the rare earth mines 'and more, small, scattered, chaos' of the situation, aspects of mining exploitation began gradually to large enterprises tilt conducive to rare earth industry to continue to integrate." Ganzhou a rare earth enterprises who said.

Learned that the pattern of the rare earth industry as the leading rare earth companies taking shape. Inner Mongolia, Guangdong, Fujian and other basic completion of the merger and reorganization of rare earth resources in the regional integration and smelting enterprises, the formation of the Group of rare earth enterprises at the provincial level. As rare earth province of Jiangxi is also accelerating merger and reorganization efforts.

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Chinese demand for Australian iron ore will continue to increase

On September 13, the Reserve Bank of Australia (ReserveBankofAustralia) steel for residential construction in China will continue to rise and exceed the expected peak.

In an article in the September briefing, the Reserve Bank of Australia said, "the prospects of the steel market is not only dependent on the building."

Reserve Bank of Australia, said that in China, the rapid increase of the use of vehicles could prompt indoor parking space requirements increase, the increase of population density may also require higher buildings.

"For these reasons considerations required for steel demand is likely to decline, even in residential construction in the next few decades, the overall demand for steel can not be the same magnitude of decline." RBA expects Chinese steel demand will reach its peak in 2023 .

China is Australia's largest trading partner, it is expected that China's demand for Australian iron ore and coking coal will continue to increase.

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Australia 2011 - 2012 gold production decreased by 4%

Dr Sandra Close, managing director of gold consultants Surbiton Associates said Monday (September 10), the 2011/12 Australian gold production decreased by 11 tons to 261 tons, a decline of 4%.

Close said, "Taking into account the higher gold prices, the decline in gold production in Australia is not surprising, however, will have a new project into production at the end of 2012 to 2013, when gold production will have to rise."

He said that the estimate to the current price of gold, the gold market valuation of gold in 2011/12 to $ 14 billion, the average price for 1620 Australian dollars / ounce, compared with the 2010/11 year high of 230 Australian dollars.

Close said, "Overall, the manufacturers take advantage of higher gold prices, but the most serious is the spread between the cost and selling prices."

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Iron ore market turnover of only a handful of mine cheap sell-off mentality show

September 6, domestic iron ore market turnover is still only a handful of mines cheap sell-off mentality show. It is understood that the Tangshan the Zunhua region 66% iron ore wet basis excluding tax factory 730-740 yuan / ton, the Northeast China iron ore market quotations confusion, east China iron ore market has no market value, China and South Africa iron ore The confusion in the market fell.

Imported iron ore market weakness down, but the decline has slowed down, and trading in general. Futures market: the overall performance is still relatively light, but some merchants inquiry interrogation price of the signs. Spot market: continuation of the decline and fall of the northern port increased slightly. Steel mills has been to favor the procurement of harbor cash resources to maintain production, leading to this stage mainstream resources supply is tight, the decline slowed down.

September 5 seaborne market for the sixth consecutive day decline, the decline in Panamax vessels expand. The indices, BDI684 or 9 BCI1188 rose 2 BPI647 or 39 BSI845 or 4. Shipping activities in light of the Atlantic region, the supply and demand imbalance in serious condition resulting in freight further downward pressure; Pacific Japan and India coal import activities to disadvantaged and maintenance of stability. The data show that the Brazil to China sea freight up to 0.038 U.S. dollars / ton (15-18 million tons), sea freight in Western Australia to China fell to $ 0.020 / ton (15-18 tons).

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Chinese steel mills, iron ore bubble laugh not

September 6, Thurs. As the saying goes, the finance ministers to Chi, a person should be more lucrative, even socks more fat to wear on adrenaline climbed higher speed may feel good about themselves apart, stunned even incoherent, see also inertia is not strange.

The ground economic context as well as the development trajectory from local chaebol money come from the knowledge the whole picture, it is not difficult to see reflected. Hong Kong's richest property developers or by the built floor selling properties, wealth monopoly, "bricks and mortar" extra hot, has a long history.

Foam turn iron ore
Australia's richest man and source, whether we have heard? The fertilizer to the socks wear on the wealthy businessman, is located in Perth, Western Australia (Western Australia) to establish iron ore Kingdom Ms. Reinhardt (Gina Rinehart). She not only "full weight" (referring to the body), in his homeland of Australia's wealthy party fits-premier also to women in terms of net worth. Australia's Business Review Weekly "(Business ReviewWeekly) published this year, the Global 200 richest Reinhardt personal net worth of $ 28.48 billion, for the first time to overwhelm the U.S. retail giant Wal-Mart heiress Kyi Christie Walton ( Christy Walton, the net asset value of $ 25.3 billion), the birth of his first rich woman in the world.

Reinhardt has stunned the world, accusing the end of the hatred of the rich who only know how to smoke and drink social right and wrong, and "recommended" They spend more time trying to work to narrow the gap between the rich and the poor. His words, not only the Australian community and down motion, should have nothing to do with them, "Dr. Doom" Faber (MarcFaber) also could not help but plug in a mouth. Faber, although not directly point out why the incident, but referred to the past 40 years there have been four super asset bubble, in accordance with the timing for the gold of the 1970s, Japanese stocks in the 1980s, 1990s dot.com shares and ... ... is Rheinhardt this iron ore. The first three bubble long burst, and among the gold bull market is back from the dead, Japanese stocks and dot.com shares was brought to its knees. The price of iron ore recent sharp adjustment, but to assume that the bubble has to wear, too early to say. However, it is worth noting that iron ore prices jumped 10-fold in less than a decade, compared to a super-bubble in gold, Japanese stocks and dot.com shares are worse than. Reinhardt suddenly suffering from "mania", urged the Australian compatriots quit smoking quit drinking quit gossip, to work hard to break the world, does not rule out is a bad mood with iron ore trend speak incoherent gave so much due.

Chinese steel mills laugh not
A few years ago, the Chinese mainland steel mills soared year after year due to raw material prices, the profit margin has repeatedly under pressure, from beginning to end helpless bereaved.

It stands to reason, the richest woman in the world feel the worse, the more reason to laugh from the bottom of my heart, because iron ore prices fell overturned, equal to the steel industry raw material costs down, help to improve the profit margin. However, the message of the steel plants in the Mainland pig time to steel oversupply, is evident from the Chinese steel production increased from 683 million tons last year to 717 million tons this year; 2012 three quarters of unfinished steel production will Mainland economic slowdown in industrial production weakening environment at the level of the whole year of 2011, the imbalance between supply and demand intensified inevitable. Do not see the signs stabilized steel prices has hit a 33-month low, steel mills profit margin is not necessarily benefit from the fall in the price of iron ore.

The "Ray language Fupo mother and son fighting over the estate
Mainland steel mills to postpone the shipment of iron ore contract period, spot buyers retreat speculators seeing the momentum is not good, with a corresponding adjustment in the position deployment shock in iron ore demand in the short term, the results in the past few months prices diarrhea such as Note . In the past decade, Australia eat given the trend of China's resource-hungry to become poor immune. Up to 25% of the country's exports to the mainland of China, in which the iron ore accounted for Australia's exports to China worth up to 60%. The the this resource heat not only created Reinhardt earth Fupo, its the hometown Western Australia population is only equivalent to one percent in the country, but in the six states of Australia the fastest growing economies, the GDP per capita also ranks first among the country. A local illiterate miners, frequently more than 10 million Australian dollars annual salary, more than twice the per capita annual income for Australia; wage earners outside Australia, read too more have to "hate" word.

Reinhardt recently due to the dispute over property with four children brought before the court, the only son with two sisters on the same side, and mother try to drive down from the position of trustee of a family trust fund; youngest sister standing mother aside, the merits exposure. Reinhardt's son Hancock publicly revealed that he has been a mysterious Chinese tycoons his help, the full support of his family property to compete with the mother.

Reinhardt mother and because of the expense of justice, home of the world's richest woman off Chinese personnel. The Mainland increasingly bad economic momentum, iron ore "bust" (bubble burst, editor's note) recognized, I do not know how many people will show their colors?

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The September 6th Burden Inventory

September 6, still only a handful of domestic iron ore prices in market transactions mine cheap selling mentality emerged. Imported ore market weakness down, but the decline has slowed down, and trading in general. Market downturn of nickel ore, low nickel and high iron ore significantly disadvantaged, traders offer negative market poor Inquiry; while high-grade nickel ore spot inquiry nice, relatively slightly scarce resources. 5 shipping market for the sixth consecutive day of decline, the decline in Panamax vessels expand. 6 pig iron market still down, down to increase the volume was light, because part of the cut-off factory operating inventory growth trend. Direct reduction iron market as a whole vulnerable to run the regional the spot contract situation worse, India International HBI and market rose. 6th scrap market accelerated decline, the steel procurement prices fell sharply. Scrap stainless steel shock rise in thinly traded, merchants shipped sluggish, the market significant weakening trend by the rising nickel prices affect the outer disk, the 300 series rose slightly, but businesses on the market outlook is still bearish on the main, the price will fall. 6th National billet prices continue to decline, but the decline is slowing. 6th, PCI coal markets continue to be weak downlink 30-100 yuan / ton, the price of coal fell turnover than weakness. The domestic anthracite mainstream market run in stable condition, the turnover of the situation in general. Run domestic steam coal market weakness. Domestic coking coal market continues to show the downlink. On the 6th of imported coal market to remain weak, the individual varieties inquiry slight increase in overall turnover bleak, watching the market mood, the coal price downside remains. The coke market weakness downlink decline has been tightened. Weak stability of the domestic coke market run thinly traded market, the coke enterprises operating situation is still unsatisfactory, high inventory. 6th imported manganese ore spot market inquiry deserted, weak turnover. Mn44 Australia blocks reported 39.5-40 yuan / metric ton; imports of chrome ore market is weak run, traded weaker; ordinary alloy ferrosilicon market weakness running general demand; manganese alloy market still weak, traded weak; chromium alloy market weakness Run ; weak consolidation of special alloy ferro molybdenum market prices, less turnover; the vanadium alloy market prices continued to weaken, and turnover is rare.

Domestic iron ore 6th domestic iron powder market transactions are still only a handful of mines cheap sell-off mentality show. Tangshan the Zunhua region 66% iron concentrate wet basis excluding tax factory 730-740 yuan / ton; Hanxing Bureau 66% alkaline fine iron powder dry base tax price of 900 yuan / ton; 66% of Beijing Miyun metallurgical and mining fine iron powder dry basis tax promissory ex-factory price of 985 yuan / ton. Shanxi behalf of the county 65% ​​iron concentrate wet basis excluding tax ex-factory price of 700-720 yuan / ton; Muan 64% alkaline iron concentrate wet basis excluding tax ex-factory price of 770-780 yuan / ton. Northeast China iron powder market today offer confusion. Jianping, 66% iron concentrate wet basis excluding tax factory at mainstream price points in the 630-640 yuan / ton (10 or less) water; the Beipiao 66% iron concentrate wet basis excluding tax price of 610-620 yuan factory mainstream / tons (less than 12 water); excluding tax Anshan 65% iron concentrate wet basis the factory at mainstream price points in the 620-630 yuan / ton; Liaoyang 65% iron concentrate wet basis excluding tax factory mainstream price of 610-630 yuan / tons; Benxi 610-620 yuan / ton. Valuable iron powder market in East China City: Zibo, 65% iron concentrate tax promissory ex-factory price of 950 yuan / ton dry basis; Laiwu 64% iron concentrate dry base tax promissory produced price of 950 yuan / ton; The the Maanshan 64% iron concentrate dry basis tax price of 890-910 yuan / ton; Fanchang, Tongling, 65% iron concentrate dry basis tax factory spot price of 910-930 yuan / ton. Iron powder market confusion As for China and South Africa fell: Hubei Daye 63% fine iron powder dry basis tax factory mainstream price of $ 800/64% iron concentrate dry base tax factory in Heyuan, Guangdong mainstream price at 860 yuan / ton; tons.

Imported ore import price of iron ore market in the 6th vulnerable downstream, but the decline slowed down transactions in general. Billet prices have fallen since the weekend has been nearly one hundred yuan the billet downstream demand the bleak days of significant setbacks injection. Futures market: Rio Tinto today PB powder tender price of 88.5 U.S. dollars / ton, compared to yesterday's prices declined slightly by 0.3 U.S. dollars / ton, the decline narrowed, Vale ship iron ore fines tender No result is worth noting that there has been no action 56% lump ore of the the SESA tender a boat, a price of 65.65 U.S. dollars / ton, the price is lower. Overall market performance of the futures market is still relatively light, but some merchants inquiry interrogation price of the signs. Up to now the the PB powder market mainstream in 88.5 U.S. dollars / ton, powder market mainstream in Newman, 90 U.S. dollars / ton, 52% of the mainstream of Indian powder 53 U.S. dollars / ton, Yandi powder price of 78.5 U.S. dollars / ton. Spot market: continuation of the decline and fall of the northern port increased slightly. The steel procurement generally remained stable, the inquiry is more concentrated in the high-grade ores, especially PB flour, block and Pakistan coarse. Mainstream resources, but has been since the steel mills favor procurement of harbor cash resources to maintain production, leading to this stage the mainstream The tight supply of resources, the decline slowed down, but as the days of cut billets, steel market, caused some impact on market activity, imported ore spot the short-term is still hard to have a good market. As of the PB powder mainstream 625-675 yuan / ton or 5, Yandi powder 560-595 yuan / ton or 10,63% bar crude 630-675 yuan / ton down 5,54% Indian powder 440-470 $ / ton or 5 .

[Nickel mine 6 nickel ore market downturn, low nickel high iron ore significantly disadvantaged, traders offer negative market poor Inquiry; while high-grade nickel ore spot inquiry nice, relatively slightly scarce resources. Wednesday LME nickel opened to $ 16,006 / ton, the highest intraday $ 16,115 / ton, a minimum of $ 15,825 / ton, to close at $ 16,071 / ton, closed up 65 U.S. dollars / ton, or 0.41%. Inventory by 330 tonnes or 120,054 tonnes. LME nickel slight concussion rise today, watching the market thicker atmosphere. Focus on the ECB interest rate meeting today evening and Friday evening August non-farm payrolls data. Tianjin Port: Ni: 0.9% -1.1% Fe :48-50% nickel mine car tax price of 280-310 yuan / ton, Ni: 1.7% -1.75% Fe :20-25% nickel mine car plate tax price of 380-410 yuan / ton, Ni: 1.8% -1.85% Fe :15-20% nickel mine car tax price of 440-480 yuan / ton. Ni: 1.9% -2.0% Fe:50% CIF for $ 35 / tonnes, Ni: 1.5% Fe: 30% CIF $ 36 / tonnes, Ni: 1.8% Fe

[Shipping] 5 days shipping market for the sixth consecutive day decline, Panamax enlarged decline. Shipping activities in light of the Atlantic region, the supply and demand imbalance in serious condition resulting in freight further downward pressure; Pacific Japan and India coal import activities to disadvantaged and maintenance of stability. Brazil to China sea freight 17.696 U.S. dollars / ton, up $ 0.038 / ton (15-18 tons); sea freight in Western Australia to China of $ 7.171 / ton, or 0.020 U.S. dollars / ton (15-18 million tons); South Africa China 12.5-13 U.S. dollars / ton (15-18 million tons); Iran to China 24-25 U.S. dollars / tons (20,000 tons). The indices, BDI684 or 9 BCI1188 rose 2 BPI647 or 39 BSI845 or 4. Sea freight from India to China smoothly, India and East - in northern China freight 10-11 U.S. dollars / ton (5-6 million tons), India West - in northern China 10-11 dollars / ton (5-6 million tons), 10 - $ 10.5 / ton), 8-9 (7-8 million tons of U.S. dollars / ton (14-16 million tons).

【The pig iron】 6 pig iron market still down, down to increase thinly traded, because part of the cut-off factory operating inventory growth trend. Aspects of steelmaking pig iron: the price of Shandong Province in the cash price in the 2600-2750 yuan / ton; price of Shanxi Province cash price in the 2470-2480 yuan / ton; the Hebei region offer confusion, basically in the 2550-2650 yuan / ton cash price; Xinjiang region offer basic cash price of 2150-2200 yuan / ton; the Wuhai price basic cash price of 2550 yuan / ton; the northeast regions the basic price of 3000-3300 yuan / ton redemption price; the Yunnan region prices in 2350-2450 yuan / ton cash The price; Xuzhou areas prices of basic in 2600-2800 yuan / ton cash price. About the pig iron casting: the Linyi the region precious metals prices confusion basic 3150 yuan / ton redemption price; Yicheng region offer 3150 yuan / ton; the Muan offer in 3150 yuan / ton, individual companies offer higher prices; Weihai 3400 / or so tons redemption price; the Benxi area price 3250 yuan / ton, the individual enterprises offer higher than the price; the Yunnan region prices in 3000 yuan / ton; the Xuzhou area price 3100 yuan / ton, individual enterprises quotations; Xinjiang regional price of 2520 yuan / ton.

【Direct reduced iron] direct reduction iron market overall weak run in the 6th, regional spot contract situation is poor, the India International HBI and market rose. Steelmaking sponge iron market weakness run, almost no turnover in the regional spot market mainstream market the offer still presents overhead, see my steel market analysis of reduced iron channels. Metallurgy sponge iron market overall weak run regional spot transactions in general, lack of demand downstream purchaser. Restore the iron powder market weak stability by raw materials fell sharply affected, reduced iron powder or the possibility of a further decline is expected this month all regions. Steelmaking sponge iron market quotes: the price of the Xinjiang region in 2600 yuan / ton; the Bayannur area prices in the 2750-2800 yuan / ton; the Baotou area price 2420 yuan / ton; price of Henan Province in 2600-2700 yuan / ton ; in Hebei prices in 2600-2700 yuan / ton; Kunming, Yunnan price of 2600 yuan / ton; price of Shandong Province in 2400 yuan / ton. Metallurgy sponge iron main regions Quote: Henan Province price 3450 yuan / ton; Hebei region the price of 3450 yuan / ton; the Zibo area prices in the 3800-3900 yuan / ton; Laiwu area prices in the 3800-3900 yuan / ton; Shanxi surrounding regional spot price in 3800 yuan / ton; northeast vicinity resources prices in 3800 yuan / ton. Restore the iron powder regional markets offer: a reduced iron powder market quotes TFE97%, 100 mesh specifications: the Zibo area prices in the 4550-4600 yuan / ton; Laiwu area prices in the 4500-4600 yuan / ton; price of Shanxi Province in 4800 -4850 yuan / ton; price of Hubei Province in 4650-4700 yuan / ton; Hebei region prices in 4050-4100 yuan / ton; price of Henan Province in 4100-4150 yuan / ton; Jilin area non-ferrous metal prices in the 5000-5050 yuan / tons. Secondary market quotations TFE98%, 100 mesh specifications reduced iron powder: Laiwu area prices in the 5550-5650 yuan / ton; the Zibo area prices in the 5450-5500 yuan / ton; price of Shanxi Province in 5700-5750 yuan / ton; Hubei regional prices in the 5800-5850 yuan / ton; price of Henan Province in 4650-4700 yuan / ton; Hebei mainstream price in the 4500-4600 yuan / ton, the above are cash tax price. The following areas do TFE98.5% and above the quoted market prices: prices of Anhui Province in 5500-5650 yuan / ton; the Beipiao price in 5950-6000 yuan / ton; the Chaoyang area prices in the 5850-5900 yuan / ton; Jilin area prices 5800-5850 yuan / ton, the above are factory-tax cash price.

Carbon steel scrap, steel scrap market in the 6th accelerated decline, the steel procurement prices fell sharply. Jiangsu Sha Steel scrap purchase prices down 100 yuan / ton, now charge 2440 yuan / ton, the furnace 2400 yuan / ton, heavy scrap a 2410 yuan / ton, of heavy scrap 2380 yuan / ton in the waste of 2270 yuan / ton. Tax price. Jiangsu Yonggang scrap purchase price adjustments, pure scrap highest price of 2550 yuan / ton, the heavy 2470 yuan / ton, charge an 2450 yuan / ton, the tax price. Huai steel scrap down 100 yuan / ton, adjusted HMS stove 2320 yuan / ton, in 2200 yuan / ton in 2140 yuan / ton, of Three 2050 yuan / ton, the small 1,780 yuan / ton, the system expected 1320 yuan / ton, the tax price. Oriental Special Steel scrap purchase prices by 50 yuan / ton, the adjusted furnace 2130 yuan / ton, the furnace 2100 yuan / ton, the heavy 2060 yuan / ton, Ref. Jiang Su Xixing Special Steel scrap the system down 500 yuan / ton, after adjustment charge 24,000 yuan / ton, heavy scrap 23,500 yuan / ton, weighing 22,900 yuan / ton, to shear 20,900 yuan / ton, the tax price. Star Feng scrap purchase prices down 100 yuan / ton, adjusted Junichi 2050 yuan / ton, heavy 2060 yuan / ton, stove 2080 yuan / ton, stove 2040 yuan / ton, cut a 1980 yuan / ton, machine 1940 yuan / ton, not including tax. Fujian Wuhang scrap purchase price by 50 yuan / ton, adjusted a material 1990 yuan / ton, two materials of 1970 yuan / ton, the three material 1950 yuan / ton (excluding tax DaoChangJia). Jiang Su Xingcheng Special Steel scrap purchase price down 100 yuan / ton, adjusted charge 2400 yuan / ton, the heavy scrap 2,330 yuan / ton, weighing 2,290 yuan / ton, the cut 2250 yuan / ton, the tax price. Jiangsu Nangang furnace scrap down 120 yuan / ton converter factory: heavy 2420 yuan / ton 2400 yuan / ton; Electric Furnace: Heavy 2330 yuan / t Cut 2360 yuan / ton; rolled coil plant re a 2400 yuan / ton. Hangzhou focus steel mills electric furnace scrap part of the purchase price down 130 yuan / ton, down 150 yuan / ton charge. After adjustment: furnace 2105 yuan / ton, stove 2085 yuan / ton, heavy scrap 1970 yuan / ton, in 1940 yuan / ton, in 1910 yuan / ton, in three 1830 yuan / ton, the small scrap 1775 yuan / ton, a 1700 yuan / ton scissors, scissors two 1640 yuan / ton, 1355 yuan / ton system waste. Converter scrap purchase price down 150 yuan / ton: furnace 2105 yuan / ton, stove 2085 yuan / ton, the heavy scrap 2,105 yuan / ton, the HMS 2085 yuan / ton. None of the above tax price. Tianjin big seamless unified scrap procurement price down 100 yuan / ton, heavy-duty steel scrap adjusted 2520 yuan / ton, the midsize 2460 yuan / ton, the small 2,310 yuan / ton, including tax. Now Jiangsu Province charge prices in 2400-2450 yuan / ton. Shandong Heavy scrap prices in the 2450-2520 yuan / ton. Basic Jiangxi heavy scrap prices in the 2750-2760 yuan / ton. Hunan heavy scrap prices in the 2700-2730 yuan / ton. The basic heavy scrap prices in Hubei Province in 2760 yuan / ton. Guangdong heavy scrap prices in 2610-2720 yuan / ton. Henan Province HMS 2680-2700 yuan / ton. Hebei heavy scrap prices in 2560-2660 yuan / ton. Liaoning the heavy scrap mainstream price in 2420-2540 yuan / ton. Heilongjiang a medium shear 2400-2450 yuan / ton. Southwest China the mainstream steel mill tax HMS 2650-2950 yuan / ton. Northwest scrap market mainstream steel mills and heavy waste tax 2600-2710 yuan / ton, the market does not tax of Lanzhou 2250 yuan / ton, the Xi'an 2200 yuan / ton. These prices are tax price.

Scrap stainless steel scrap stainless steel in the 6th shock rise in thinly traded businesses shipping sluggish, the market significant weakening trend by the rising nickel prices affect the outer disk, the 300 series rose slightly, but mainly business-to-market outlook is still bearish, prices, or will fall. Specific prices of non-ferrous metals prices (both excluding tax) are as follows: 200 series: 201 mainstream offer in 5300-5800 yuan / ton; 202 mainstream offer in 8500-9000 yuan / ton. 300 series: 304 Price mainstream 10200-10900 yuan / ton, Foshan area of ​​10,500 yuan / ton, the South China Sea area of ​​10,700 yuan / ton, wearing the Southern region of 10,900 yuan / ton, Wuxi area of ​​10,900 yuan / ton; 316 quoted in the mainstream 16400-17800 yuan / ton, Foshan region of 17,100 yuan / ton, wearing the Southern region of 17,800 yuan / ton; 316L mainstream offer in 16600-18600 yuan / ton, the South China Sea area of ​​16,600 yuan / ton, Wuxi area of ​​16,800 yuan / ton, wearing South area of ​​18,600 yuan / tons; 310S (2520) wearing the Southern region of 21,700 yuan / ton. 400 series: 430 mainstream offer in 4300-4900 yuan / ton.

General billet】 【6th billet prices continue to decline, but the decline is slowing. It is understood that, this afternoon, the northern region of Tangshan billet market transactions has improved, the price only 20 yuan / ton to plumb. Individual traders began to buy the dips, the size of the list are generally maintained at 5000 tons, but most traders still maintain a wait-and-see expected tomorrow billet prices will remain stable or slight rebound. Now down 20 yuan / ton Tangshan billet, Chang Lian Feng Pu billet cash tax sent to 2710 yuan / ton, booming Guoyi tax factory 2690 yuan / ton, traders excluding tax 2580 yuan / ton. Tianjin regions billet offer down 80 yuan / ton, now Q235 billet foreign offer 2730-2740 yuan / ton, 20MnSi reported 2850-2860 yuan / ton. Shandong carbon billet prices down 50 yuan / ton, now Q235 cash price temporarily at 2,800 yuan / ton, 20MnSi billet 2920 yuan / ton, the market is more than waiting to see lower demand for light turnover differential. Down 70 yuan / ton in Shanxi billet traded a small amount, billet prices continued to fall, downstream of getting goods less cautious wait-and-see, the majority of plant production cuts are part of the inventory, Yuncheng 2710 yuan / ton, the Jiexiu 2710 yuan / ton. Vulnerable run Jiangsu billet 20MnSi the Subei factory 2900-2930 yuan / ton, the Sunan some manufacturers offer 3020-3050 yuan / ton, the normal production of most manufacturers. The Fujian billet temporarily down 40 yuan / ton, now Q235 side 150 blank 2930 yuan / ton, quotes chaos minimal spot market turnover differential, manufacturers pessimistic attitude. Yunnan Qujing billet price down 40 yuan / ton, now Q235 billet cash tax ex-factory price at 3,180 yuan / ton, 20MnSi billet plus 120 / ton, the market more than wait and deal with orders. Liaoyang billet prices down 100 yuan / ton, now Putan billet prices 2750-2800 yuan / ton, low alloy billet prices 2870-2920 yuan / ton.

PCI coal 6th, domestic PCI coal markets continue to be weak downstream, coal prices fell in the 30-100 yuan / ton, turnover than weakness. Today, Yang coal listing price down 100 yuan / ton, the Double Tenth thin jet car tax price of 925 yuan / ton; Ningxia Yinchuan smoke-free spray prices are down 30 yuan / ton, shuffled Double Ten factory tax price of 600 yuan / tons; Henan Anyang thin spray price down 30 yuan / ton, 890 yuan / ton tax price to the plant; of Nanyang Han Metallurgical thin spray price down 30 yuan, 1020 yuan / ton tax price to the plant; Liu Gang injection coal purchase price Heavy 40 yuan / ton, smoke-free spray 960 yuan / ton the smoke spray 860 yuan / ton, are to plant tax price. Regional injection coal reference prices are as follows: the the of Shanxi Yangquan lean coal injection coal factory-tax price of 920 yuan / ton, Jincheng factory injection coal tax price of 870 yuan / ton, Changzhi lean coal injection coal car tax price 1100 yuan / ton; Tangshan, Hebei smoke-free injection coal to the plant tax price of 950 yuan / ton; Henan Yongcheng injection coal car tax price of 980 yuan / ton, Jiaozuo smoke-blowing coal car tax price of 980 yuan / ton coal car tax price of 1060 yuan / ton; Anhui Suzhou blowing; Shizuishan PCI coal (shuffled dual 12) factory price excluding tax 540 yuan / ton; the Yunnan Kunming smokeless PCI coal to the plant containing tax price of 1100 yuan / ton, Qujing smoke-free injection coal to the plant tax price of 1050 yuan / ton. Port PCI coal reference price as follows: the Jingtang Port injection smokeless coal port delivery tax price of 940 yuan / ton; Rizhao Port smokeless injection coal closing price of 980 yuan / ton. Steel mills injection coal purchase price reference prices are as follows: the Shougang smokeless PCI coal to the plant tax price 1150 yuan / ton; the River Steel smokeless PCI coal to the plant tax price 1250 yuan / ton; clad steel smoke-free injection coal to the plant tax price 1040 yuan / ton; of Xingtai Steel smokeless PCI coal to the Factory tax price of 910 yuan / ton; the Shagang smokeless PCI coal to the plant tax 1100 yuan / ton; the JISCO smoke-free injection coal to plant tax price of 948 yuan / ton; injection coal to Wuhan Iron and Steel Factory tax price of 980 yuan / ton; the smoking injection coal to Kunming Iron and Steel plant tax price of 1,100 yuan / ton. Imported PCI coal reference prices are as follows: Russian bituminous coal injection coal CIF118 U.S. dollars / ton; Australia the injection coal CIF122.5 USD / ton.

【Anthracite 6, the domestic anthracite mainstream market run in stable condition, the turnover of the situation in general. Coal enterprises enthusiasm for production because the downstream demand generally generally not high. North China: the Jincheng Qinshui 7000 kcal smokeless block 1230 yuan / ton, the Jincheng Gaoping 6000 kcal anthracite 770 yuan / ton, 1230 yuan / ton block Jincheng 7500 kcal smoke-free wash, are car plate tax price. Yangquan pacification of the end of the 5000 kcal smokeless coal Hang Hau tax 660 yuan / ton, excluding tax of 900 yuan / ton the Yangquan the Yuxian 6500 kcal smokeless small piece of Hang Hau, the the Yangquan suburbs 6000 kcal smokeless wash in block car tax 1180 yuan / ton. Linfen Yicheng of 6000 kcal smokeless small pieces of 1080 yuan / ton, 5,000 kcal smokeless block of 1,200 yuan / ton, Hang Hau excluding tax. 7200 kcal Beijing anthracite mine excluding tax 1060 yuan / ton. Central China: Jiaozuo 6800 kcal smoke-free wash small pieces of 1305 yuan / ton, # 2 wash in block 1370 yuan / ton, high-quality wash block 1370 yuan / ton, 1370 yuan / ton block Premium wash, car tax price. Yongcheng smoke-free at the end of 5500 kcal coal 760 yuan / ton, 7000 kcal smoke-free wash small pieces of 1400 yuan / ton, the 7000 kcal smokeless wash in blocks of 1,530 yuan / ton, the car tax price. Southwest Region: Anshun 6800 kcal smoke-free in the small piece of 1150 yuan / ton, of 7000 kcal smokeless small piece 1200 yuan / ton, the price excluding tax all Hang Hau; coal out of the mine does not contain 5000 kcal sulfur smoke-free at the end tax of 470 yuan / ton. Bijie generous sulfur smoke-free chunk of car tax in 6500 kcal to 1,100 yuan / ton; Sands 6500 kcal in the the sulfur smoke-free in block car tax price of 1,100 yuan / ton. Guiyang 6500 kcal smokeless small piece of the site including tax 1130-1200 yuan / ton. 6,000 kcal Libo County, Qiannan sulfur anthracite the Hang Hau tax 860 yuan / ton. Sichuan Yibin 5000 kcal sulfur anthracite ore tax of 500 yuan / ton. Northwest District: the Shizuishan 7000 kcal anthracite 740-840 yuan / ton, 7,500 kcal smokeless block 1050-1130 yuan / ton, are factory price including tax. Imports of anthracite: Vietnam 5000 kcal anthracite Fangchenggang delivery to tax of 480 yuan / ton. DPRK low ash anthracite demand A22 at 550-560 yuan / ton, A13 reported 790-800 yuan / ton, Dandong Port open tax price.

【Steam coal, domestic thermal coal market weakness run. Coal mines, coal mines high inventory run turnover pale; port side, due to weather factors, Qin Hong Kong stocks rose to 700 million tons. Port: Qinhuangdao Port thermal coal: 5500 kcal 620-630 yuan / ton, 5,000 kcal 540-550 yuan / ton, all closing price. Guangzhou Port steam coal: 5500 kcal reported 720-730 yuan / ton, 5,000 kcal at 615-625 yuan / ton, price are delivery tax. North China: 5500 card in Taiyuan, Shanxi thermal coal factory-tax price of 510 yuan / ton; the Yangquan areas the 5500-6400 kcal poor coal car tax price of 700 yuan / ton; Jincheng end of 5500 kcal coal car tax price of 520 -550 yuan / ton. Hebei Fengfeng Mining 4600 kcal meager lean coal car tax price of 700-750 yuan / ton; Kailuan 4000-4300 kcal thermal coal car tax price of 560 yuan / ton. Chifeng 4,500 kcal pulverized coal Hang Hau tax price of 480 yuan / ton, 5,000 kcal lump coal factory tax price of 630-640 yuan / ton. East China: of Shandong Jining 5000-5200 kcal thermal coal factory-tax price of 660 yuan / ton; the Huainan 5000 kcal thermal coal tax price of 720 yuan / ton ore. Northwest: the Tongchuan 4500 kcal coal ore tax price of 420 yuan / ton; the Gansu Honggu 5300 kcal thermal coal Hang Hau tax price of 550 yuan / ton, outside the province, 570 yuan / ton; Huating 5000 kcal steam coal Hang Hau tax price of 580 yuan / ton; the the Qinghai region 5600 kcal S

【Coking coal to the domestic coking coal market continues to show the 6th downstream market rumors Shanxi coking coal and coking coal prices down in September, in the range of 100-150 yuan / ton, while the downstream steel mills, coking coal procurement prices continue to depress, late domestic coking coal a new round of large mines are likely to appear with the fall. Market price today, Shandong Zibo Mining clean coal V37G72S0.6A9 down 110 yuan / ton, factory tax 880 yuan / ton, respectively, 30, 40, 50 yuan / ton discount 1,2,3 column; procurement Xiangtan Steel coke 1260 -1280 yuan / ton, 1/3 to 1200 yuan / ton coke, sulfur fertilizer 1270 yuan / ton, of lean coal 1225 yuan / ton, are to plant tax price. The Panxian coking coal prices down 100 yuan / ton, 1/3 coking coal A10.5V28-33S0.6G90Y22MT10 car tax price of 1225 yuan / ton. Panzhihua, Sichuan, coking coal prices down, the main focal place drop down 30,1 / 3 coking coal mine 1400 100 1300, are to plant tax price. The Liuzhou Steel coking coal purchase price Heavy 30, the main focus Watertown 1240 Panxian 1290 level, 1/3 coke 1240, lean 1160-1230, are to plant tax price. Wuhan Iron and Steel coking coal procurement price have to drop, the main focus of Henan 1280 level, Hebei 1200 down 100; 1/3 coke Henan 1270 level; of sulfur fertilizer Shanxi 1385 level, are to plant tax price.

Import coal on the 6th imported coal markets remain weak, the the individual varieties Inquiry slightly increased, overall turnover of the bleak mood of watching the market, coal price downside remains. Port some of the resources quoted as follows: Australian prime coking Jingtang port delivery price 1230-1280 yuan / ton, gas coal 750-800 yuan / ton; the Russian K10 coke northern Port delivery price of 1200 yuan / ton; Mongolia # clean coal northern Port The closing price of 1300 yuan / ton. Indonesian steam coal 5500 kcal bilge tax 580 yuan / ton; South Africa 6000 kcal thermal coal the bilge tax 705 yuan / ton; Russian steam coal 5500 kcal the CFR79 dollars / ton; Australia steam coal 5500 kcal CFR81-85 U.S. dollars / ton; Columbia 6000 kcal thermal coal settlement price of 670-680 yuan / ton. North Korean anthracite A14 Jingtang port delivery price of 740-750 yuan / ton; Vietnam Hongji 11A anthracite Guangzhou Port delivery price of 630 yuan / ton.

[Coke] 6th coke market weakness downstream, the decline has been tightened. According to the understanding of the market, Shanxi Jiexiu quality secondary metallurgical coke price down 40 yuan / ton, emerged plant tax price 1160 yuan / ton, Tangshan, Hebei metallurgical coke prices vulnerable downstream current secondary metallurgical coke 1300-1350 yuan / ton , quasi a 1400-1480 yuan / ton, to plant tax price, Handan metallurgical coke down, quasi a metallurgical coke plant tax 1290-1310 yuan / ton, Xingtai metallurgical coke down two metallurgical coke plant containing tax 1280 yuan / ton, the Henan Luoyang region coke price reduction, now high-quality secondary metallurgical coke factory tax price of 1300 yuan / ton, down 30 yuan / ton coke purchase price Liaoning Fushun region, now quasi-one to the factory 1360 yuan / tons, two 1290 yuan / ton, 9th, the Shenyang region metallurgical coke market weakness downlink now quasi-one metallurgical coke factory tax mainstream offer 1340 yuan / ton, the Qitaihe metallurgical coke prices are down 30 yuan / tons, is now mainstream secondary metallurgical coke factory tax offer 1180-1210 yuan / ton, Panzhihua, Sichuan, coke powder disadvantaged downlink S0.75FC80MT15 the factory tax price 1000 yuan / ton, of Neijiang coke market weakness downstream, two coke V

[Coke] on the 6th, the domestic coke market weak steady run, the market is thinly traded, the coke enterprises operating situation is still unsatisfactory, high inventory. The market price is almost flat, now Shaanxi Shenfu aniseed factory-tax price of 900 yuan / ton, 935 yuan / ton in feed factory price including tax, small feed factory-tax price of 755 yuan / ton, blue carbon powder factory tax price of 515 yuan / ton; the Shizuishan factory price of 850 yuan / ton excluding tax, small feed factory-tax price of 740 yuan / ton, the factory at the end of blue carbon tax price of 600 yuan / ton; Changji feed factory-tax price of 310 yuan / ton, small feed factory-tax price of 280 yuan / ton, the blue carbon powder factory tax price of 230 yuan / ton; Ordos region of Inner Mongolia in the feed factory tax price of 900 yuan / ton, small feed factory tax price of 700 yuan / ton, the end of the factory blue carbon tax price of 560 yuan / ton.

[Ferroalloy imports of manganese in the 6th spot market inquiry deserted weak turnover. Mn44 Australia blocks reported 39.5-40 yuan / metric ton; imports of chrome ore market is weak run, traded weaker; ordinary alloy ferrosilicon market weakness running general demand; manganese alloy market still weak, traded weak; chromium alloy market weakness Run ; special alloy molybdenum ferroalloy prices weak consolidation, less turnover; the vanadium alloy market prices continued to weaken, and turnover is rare. Common alloys, domestic ferrosilicon market downturn run export 75-A prices in 1350 U.S. dollars / ton, northwest producing ferrosilicon 75-A price in the 5950-6050 yuan / ton ,75-C in 5700-5800 yuan / ton , poor demand. Silico-manganese market ex-factory price 6550-7150 yuan / ton, high-carbon ferromanganese prices vulnerable 65 # mainstream newspaper 6200-6400 yuan / ton. The electrolytic manganese 99.7 manganese triangle mainstream tax 12600-12700 yuan / ton, 97 # manganese ingots mainstream of 13,500 yuan / ton, the willingness of low-cost shipping, high turnover slightly stalemate. Domestic chromium alloy market weak run, imports of chrome ore in South Africa powder 40-42 quoted in 31-32 yuan / ton, the mainstream lump ore price of 45-46 yuan / ton degrees. The high chrome around the transaction price in the 7450-7700 yuan / ton of base, the Shanghai market high-carbon ferrochrome dealers offer 7600-7700 yuan / base tons the domestic import ferrochrome offer 7600-8000 yuan / base tons. Special alloys, ferro molybdenum market today steady consolidation, Jinzhou 60 ferro molybdenum market quotations for 10.2-10.5 yuan / ton, transactions in general, Luanchuan area 40-45% molybdenum concentrate tax offer in 1460-1480 yuan / ton 7.4-7.6 yuan / ton; domestic ferrovanadium market quotations, vanadium pentoxide 98 Vanadium offer 6.4-6.6 yuan / ton; This the Jinzhou area ilmenite Ti30 offer 12,900 yuan / ton, titanium scrap type ilmenite quotations 38000-39000 yuan / ton, in general.

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Iron ore prices plummeted Australia's central bank expressed concern about the

According to the Wall Street Journal reported that the decision-makers of the Reserve Bank of Australia (Reserve Bankof Australia) are struggling to cope with the new economic challenges faced by the country has a wealth of resources: commodity prices fall.

Iron ore prices fell to the level of October 2009, the matter has raised the concern of the central bank of Australia, but is unlikely to promote its unexpectedly cut interest rates at Tuesday's meeting. However, Australia's export earnings may adversely affect the country's economy, which will become a more important factor in the coming months considered by the Council of the Reserve Bank of Australia all the way down.

Former members of the Board of the Reserve Bank of Australia, economists McKibbin the (Warwick Mc Kibbin) interview, said that in the past month of great change, I personally think there is a further decline in interest rates may. Until July last year, in 10 years time, McKibbin has been a member of the Central Bank Council.

McKibben believes that commodity prices fall further speed will exceed the risk of inflation or currency movements, the key issues the next few months in Australia central bank is considering whether to cut interest rates again.

Since June this year, has just completed an easing cycle, the Reserve Bank of Australia cut interest rates depresses the brake. In that cycle, the Australian benchmark lending rate cumulatively by 1.25 percentage points to 3.50%. Since then, Australia has withstood the pressure for further interest rate cuts, one of the reasons is that the exports of the country's resources not only for economic growth has played a supporting role, but also allow the Reserve Bank of Australia governor Glenn Stevens (Glenn Stevens) claimed the Australian economy This glass is half full.

Most experts agree that the view of the Australian unemployment rate is still hovering in the lower level of 5.2%, and the country's economy is still expected to grow at an average annual rate of 3.5 percent, the Reserve Bank of Australia is unlikely to be made on the Council meeting on Tuesday The decision to cut interest rates.

Australian fund AMP Capital chief economist said Oliver (Shane Oliver), we still think that will further cut interest rates, but it may be down until close to Christmas.

According to the "Wall Street Journal survey, all 15 economists surveyed believe that commodity prices plummeting, but Australia's central bank will keep interest rates unchanged. Market pricing, not much chance of the Reserve Bank of Australia cut interest rates, only 10%.

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Australian mining companies optimistic about African iron ore production potential

Despite the cooling effect of Chinese demand iron ore prices fell to a near three-year low this week, but the Australian miner optimistic that Africa will be the new iron ore producers.

President Jacques Poos made at a meeting of mining executives said on Friday the country's iron ore production in Africa may eventually be comparable to Australia's major iron ore producing areas of the Pilbara (the Pilbara); approximately half of the world's seaborne iron ore supply from Pierre Bala.

Australian developers and mining companies pointed out that China's economic growth slowdown caused by the decline in demand for iron ore is only temporary, and as China attempts to diversify the sources of supply of iron ore, untapped African resources, shareholders' funds will bring more value.

"Africa will be like the past 40 years, BHP Billiton, Rio Tinto and Hancock fortune in Australia, like the rise of Equatorial Resources executive director John Welborn told Reuters. Equatorial develop two iron ore project in the Republic of Congo.

BHP Billiton, Rio Tinto and Hancock Prospecting are large iron ore producers in Australia.

Miners BHP Billiton and other commodities such as iron ore and coal prices have fallen, and part of the project is suspended, triggering concerns about the 10 years of the Australian resources sector boom withered.

Welborn If the projects are all in the West and Central African region, all planning to put into operation by 2020, African exports likely to reach the current level of 500 million tons in Australia.

But he acknowledged that not all projects are expected to be developed during this period completed. Project developers in Africa must overcome infrastructure and insufficient power supply problem, and the face of some of the political and regulatory obstacles.

Welborn also pointed out that, with the rising costs Australia Pilbara iron ore deposits have been highly developed, Africa is gradually turned into a "new Pilbara.

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September 3 copper early assessment: Bernanke Chinese data release policy signals weak copper prices range order

Copper price analysis and forecast

Although the U.S. Federal Reserve Chairman Ben Bernanke's speech did not promise to launch QE3, but the release of a further easing signal boost investor confidence. At the same time, the relatively better U.S. economic data, also better than expected U.S. July factory orders data and the August University of Michigan consumer confidence data. China's economic situation is not ideal, the PMI index hit a nine-month low, and give investors confidence suppress this spot or at the shock interval is expected to run.

Market trend analysis

An international market due to the market, Federal Reserve Chairman Ben Bernanke speech mild reaction, Bernanke did not clear when the launch of the central bank to the next round of quantitative easing, but reiterated the case of a further slowdown in economic growth, the investor will propose further stimulus was pleased, rose the Zhou Wulun copper fell after the first, the London Metal Exchange (LME) three-month copper rose $ 24 per $ 7,594; Judging from the trend, LME heavier above the pressure, the short-term shock precious metals The price trend will continue.
Domestic futures copper slightly on Friday opened higher, than LME defensive performance, Yao City bulls take significant advantage, to maintain opening to go trend throughout the day; the main month Shanghai copper 1211 contracts today on 55550 or 80, the current January 1209 contract opened 56,010 up 50; Thursday the European Central Bank meeting on interest rates, expected and will not cut interest rates further, for central bank debt resistance still, copper still maintain a relatively weak pattern.
III. Spot market Friday now copper liters of water fell liters of water a yuan / ton to 100 yuan / ton liters of water, the quoted market price of the Yangtze River, the Shanghai market flat water copper transaction price 55900-56000 yuan / ton, the trading price of the premium copper 55950-56050 yuan / ton last Friday at the end of the last trading day, actively shipping, cargo operators who nearly lunchtime, middlemen timely and appropriate access premium copper, downstream demand to accept the goods, the actual turnover of the market is still limited.

Financial Information hotspot

Announcement jointly issued by the China Federation of Logistics and Purchasing and the National Bureau of Statistics on Saturday, Aug. official purchasing managers' index (PMI) fell to 49.2, a record nine-month low. This will be the official PMI fell below 50 for the first time since November last year, nationwide manufacturing activity into a shrinking.
(2) Beijing time on August 31 evening news, Bernanke's speech in Jackson Hole is not implied QE3, still said that the Fed has prepared the necessary monetary stimulus measures, but did not mention.
The U.S. Commerce Department announced that the United States in July factory orders was an increase of 2.8% was better than expected. July factory orders up 2.8%. According to a Bloomberg News survey, economists on average expected a 2.0% qoq. June factory orders down 0.5%.

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September 3, the zinc price early assessment restrict Shanghai zinc rebound kinetic energy: China PMI data to new lows

Futures market:
Global central bank governors meeting on Friday evening, Bernanke said the U.S. economic outlook, dissatisfaction, and reiterated that the Fed will introduce more easing measures necessary to support the economic recovery, support the bottom pick of zinc, however, the euro 17 Member States in July the number of unemployed increased by 88,000 to 1,800.2 million, the highest level since January 1995, which highlights the European debt crisis continues to worsen, limit the height of the rebound in the price of non-ferrous metals market zinc. At the close, LME three-month zinc Asian markets fell 1-1838 U.S. dollars / ton.

Today's forecast:
Current month 1209 Shanghai zinc futures contract opened at 14,670 yuan / ton, up 10 yuan / ton; the main January 1211 contract opened at 14,640 yuan / ton, down 25 yuan / ton. China August official PMI index for the first time below the 50 dividing line inspired market fears of weak domestic demand, this will limit the kinetic energy of the Shanghai zinc. Bernanke's speech, however, the market launch new economic stimulus measures expected to be enhanced to the Fed boosted the market sentiment, Shanghai zinc to maintain the shock of feeding days.
More adequate market inventory, although traders active ship, the the downstream procurement is still a large amount of material spot zinc prices to continue will little change.

Latest Market Focus:
1 Beijing time on August 31 evening news, Bernanke's speech in Jackson Hole is not implied QE3, still said that the Fed has prepared the necessary monetary stimulus measures, but did not mention.
July of the 17 member states of the euro zone, the number of unemployed up by 88,000 people, to 1,800.2 million, creating the highest level since the data compiled for the first time in January 1995.
Announcement jointly issued by the China Federation of Logistics and Purchasing and the National Bureau of Statistics on Saturday, Aug. official purchasing managers' index (PMI) fell to 49.2, a record nine-month low. This will be the official PMI fell below 50 for the first time since November last year, nationwide manufacturing activity into a shrinking.

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