Market demand for China, Australia's fourth largest iron ore producer Atlas (Atlas) Managing Director Ken Brinsden full of confidence, even if the market demand in China has begun to decline, the port has a backlog in the history of the most iron ore stone.
July 13, Atlas and the Beijing International Mining Right Exchange held a signing ceremony, officially became the member of China's iron ore spot trading platform. Since the beginning of this year, CVRD, Rio Tinto, BHP Billiton and FMG etc. four major iron ore producer in the world's top enterprise has been successively joined the Chinese iron ore spot trading platform.
Slightly different with the former four major iron ore producers to join the Chinese iron ore spot trading platform, the Atlas more serious situation facing - the price of steel has been going on four months of decline, following the July prices the full cut, Baosteel in July 12, August mainstream product prices cut by 100 yuan to 500 yuan / ton, after the first half of all flat plate, Baosteel prices continued sharp decline in July and August triggered the market for steel concerns of the market outlook.
Has been very strong iron ore prices are also affected. Customs statistics show that China imported 58.31 million tons of iron ore in June, compared with a decrease of 5.5335 million tons in May. The average price point of view, in June, $ 139.1 / t in May to 141.2 U.S. dollars / ton, up to $ 167.8 / t in June last year.
According to statistics, the total inventory of 34 major ports in early June to 100.4 million tons, in early July and the end of June rose to 101.15 million tons, an increase of 750,000 tons. June imports decreased by 5.53 million tons, indicating that overall steel procurement than a decrease of 6.28 million tons in May.
The analysis also verified a number of steel mills have reduced imports of mineral inventory of facts. However, in July, the increase in mine shipments, especially Australian-based surge in shipments, is expected on the one hand, imports in July will certainly rebound, on the other port stocks will be a new high.
China Steel Industry Association, vice president of Wang Qi told First Financial Daily ", the first half of this year, crude steel production Express data than last year, but the actual output with basically the same as in the first half of last year, while iron ore import volume growth, domestic ore is also growing, so will inevitably lead to oversupply, leading to the decline in iron ore prices.
For the Chinese market demand, CVRD, Rio Tinto, BHP Billiton, the world's top three iron ore giants have been differences. CVRD and Rio Tinto, the two companies is still very optimistic, but BHP Billiton management has reservations about.
Ken Brinsden have their own views: "Chinese demand is very good, do not worry too much about mine and the company's low cost, only about 40 U.S. dollars / ton, cash flow is very good, so very competitive."
This is expected, so he determined not to change before the Board of Directors to develop investment plans - in 2013 the iron ore annual output to 12 million tons, in 2015, mentioning to 15 million tons, with Hedlang Hong Kong Atlas berths, built in 2015 and 2017 the company plans production to 46 million tons.
Expansion plans of the Atlas as the representative of independent mine (as distinguished from CVRD, Rio Tinto, BHP Billiton three mine), it is precisely the Chinese steel companies want to see.
Independent mining the need for such opportunities - before the oversupply has not yet apparent arrival, as far as possible to enhance the capacity to achieve economies of scale to compete in the market downturn, and large enterprises. In the beginning of last year, Atlas acquired a local iron ore producers Giralia acquisition of iron ore production enterprises in FerrAus in October last year. Two acquisitions to increase the direct shipment of 1.6 billion tons of iron ore resources.
Wang Qi said that the three major mining companies in China's market share is expected to reduced by 10%, independent mining markets have improved.
In 2011, China imported 686 million tons of iron ore, an increase of 10.9%. According to Wang Qi Jieshao, CVRD, Rio Tinto, BHP Billiton three iron ore trade with China accounted for the total of China's imported iron ore of about 60%, this proportion is expected to drop troughs twelve months, an independent mining accounted for the proportion of the importing country 40%, is expected to increase to 50%.
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