BHP Billiton: Iron ore price support in the 120-130 U.S. dollars_Steel News_News

BHP Billiton: Iron ore price support in the 120-130 U.S. dollars

Release Date:2012-05-05 Hits:440
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Australian mining company BHP Billiton (BHP BillitonLtd. BHP.AU) CEO Kloppers, Marius Kloppers, 14, said if the Chinese slowdown in industrial growth putting pressure on commodity prices iron ore prices should be able to get about 120-130 U.S. dollars per ton price support.

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Kloppers, said, This is the marginal supply cost, this price has a very strong support.

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Kloppers said, the demand will exceed supply in the short term, the iron ore price volatility may occur. Added that the market should not underestimate the Chinese enterprises to improve the capacity of domestic iron ore production in response to high prices World Steel Pipe News World Steel Pipe .

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will Billiton is one of the world's largest iron ore producer. Data show that China's iron ore on the 14th spot CIF is $ 166.60 per ton.

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