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iron ore supply inflection point looming
can not help but suspect that Vale had to actively promote the distribution center in Qingdao Port plans growing misty With the advance of the Malaysian project. This respect, the Malaysia distribution center for Vale is more important as Malaysia can radiate China, Vietnam, Australia, where the establishment of distribution centers in line with CVRD's strategy LuizMeriz. Malaysia to establish the conditions of the distribution center has been very complete, and we basically will not consider the establishment of other distribution centers in China. "LuizMeriz said.
annual "China's iron ore conference" With the collapse of the mechanism of annual iron ore negotiations more difficult to attract the attention of the industry, and the speeches of the participants miner became their own advertising time . "
Vale calculations much more than that. It is understood that after replacing the Qingdao Port Vale distribution center in Malaysia project is steadily advancing, the initial inventory, only 30 million tons, CVRD plans to ultimately enhance its iron ore stocks to 90 million tons.
changes
Vale distribution center site, on the one hand, apparently under the pressure of domestic policy, the results, after all World pipe network reported that the world's steel pipe network to provide the world's steel pipe network editor , the domestic steel mills in the early 2010 letter to the Development and Reform Commission, the two ministries, the Ministry of the need to restrict mining to improve the possibility of iron ore spot price "for the reason the two ministries reject the CVRD plans to build distribution center in the country. But on the other hand, seems to reflect the Vale judgment on the future demand for iron ore market.
despite Vale insists - do not think that will be within a short time the iron ore market to a buyer from a seller's market. Radiation range of the concept of its Malaysia distribution center, the Asian emerging markets has clearly been the world's largest iron ore suppliers into the overall layout considerations.
"We have 12 40-ton giant ore transport ships can not only reduce the shipping costs, and can also reduce pollution emissions by 34 percent. The 40-ton wheel LuizMeriz mouth is actually Vale tailored specifically for the Chinese market. Transport distance constraints, the shipping cost issues in Brazil to China has been plagued with Vale to develop the Chinese market. March 23 international shipping routes, for example, Brazil to China freight to 19.023 U.S. dollars / ton, and freight in Australia to China, compared with $ 7.288 / t, equivalent to only 38.31 percent of the former.
China Mining Association statistics show that since 2003, due to the iron ore prices up year after year, attracting a large number of funds entering the industry, a large number of expansion and new projects will soon be focused on the release. The iron ore the main producing areas of Western Australia World Pipe network informed, Australia current production of 410 million tons in 2015 with an annual capacity will reach 940 million tons, up to 1.16 billion tons in 2020. On the other hand, as the world's iron ore is the most important importing country, the Chinese enterprises in recent years out to contract, development and construction of the project is expected in 2011-2012 before and after, in 2014 at the latest, one after another focused on the release of its production capacity. Obtained mining rights from the current 090 million tons to 200 million tons. Domestic ore production is expected to reach 1.5 billion tons in 2015, finished ore supply will reach 760 million tons, the demand for no more than 1.32 billion tons, the dependence on imports of foreign ore back down to about 42%. China Mining Association, the Ministry of Industrial Development chief engineer Wu Rongqing, a number of factors that ,2013-2014, international iron ore market supply and demand relationship from the current supply is tight for the "oversupply" .
efforts for many years, CVRD has finally decided to temporarily give up the establishment of distribution centers in China. On the 23rd, the president LuizMeriz of Vale China for the first time, announced that the company will be a distribution center in Malaysia as the focus will not consider the establishment of distribution centers in the eastern coast of China.
not to consider the distribution center plan
also because of the case, compared to Rio Tinto and BHP Billiton alleged efforts to expand production to meet demand from China, Vale has always stressed that the company has been working actively to find ways to reduce the sea freight to ensure a reasonable range. In fact, this has competitiveness in the Chinese market for its products.
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