BHP, Rio to get 85% rise on China iron ore: report

黑山老妖

http://www.businessspectator.com ... -ECMXK?OpenDocument

BHP Billiton and Rio Tinto are set to get an 85 per cent price rise on iron ore exports to China, as industry sources reveal it is now likely freight premiums will be included in Chinese contract prices,  The Australian Financial Review reports.

Local miners have gained the upper hand in negotiations as Chinese steel makers look to avoid spot market prices that are much higher than the benchmark price, an industry source told the paper.

Brazilian iron ore giant Vale has already achieved a 71 per cent increase on its contract prices to Chinese steel mills.

Australian companies have argued that their contract prices should include a freight premium because it is cheaper to ship iron ore to China from Australia, than from Brazil.

A BHP Billiton source told the paper the Chinese spot market had again begun selling Australian iron ore, after the limitations on Australian shipments "backfired badly".

Chinese traders have also recently increased the amount of iron ore they buy from Australia in anticipation of a steep rise in contract prices, 21 Century Business Herald reports.

sunnyocean

all the western countries set up bar for China
so what will happen next?

大饼

中国整合稀土等有色金属开采公司，涨价报复？

vvguru

世界不通膨的话真是没天理了。 to da moon!

黑山老妖

原帖由 大饼 于 6/5/2008 12:34 发表
中国整合稀土等有色金属开采公司，涨价报复？

美国已经一条心的要输出通膨了。
中国只要把所有出口价格抬一抬就可以。
全世界都要通膨。

qqyang

大家不要买楼了，留着钱买日用品吧~~~

Devil_Star

石油也好变态啊，有军队我就开到尼日利亚去把那些土匪全都消灭掉～

hxsh2000

原帖由 黑山老妖 于 2008-5-6 16:41 发表


美国已经一条心的要输出通膨了。
中国只要把所有出口价格抬一抬就可以。
全世界都要通膨。

这样是不是股票都要涨啊，要不跟不上通涨啊

黑山老妖

BHP Billiton in ship charter record

By a staff reporter

BHP Billiton has pushed ship charter rates to new records as rival Rio Tinto feels the brunt of a Chinese boycott of its iron ore sold on the spot market, The Australian reports.

Last week, the China Iron and Steel Association called on the nation's steel mills and industry associations to boycott iron ore mined by Rio Tinto and sold on the spot market, saying it suspected the mining giant was intentionally diverting ore to the higher-priced spot market.

BHP is believed to have last week booked 17 ''Capsize" bulk carriers -- the biggest in regular use -- to carry ore between the Pilbara and China.

Over the same period, Rio Tinto chartered only one, The Australian reports.

According to paper, the large miners usually charter about nine each a month, but April was a particularly busy month - with BHP chartering 13, and Rio 16.

The paper reports BHP might be pondering selling stockpiled ore on a spot basis to collect prices of around $US200 a tonne.