Monday, December 13, 2010

RIO TINTO OFFERS Q1 2011 IRON ORE LUMP 7.67% HIGHER AT $2.4824/DMTU

Yazının özeti; Pikin hammaddesi olan demir cevherinin dünyadaki en büyük 2. üreticisi Rio Tinto 2011 yılının ilk çeyreği için fiyatlarını %7,6-7,7 oranında artırarak demir-çelik fabrikalarına teklif etmektedir.




Singapore (Platts)--13Dec2010/413 am EST/913 GMT


Rio Tinto, the second biggest iron ore producer, has informed a Chinese steelmaker of the lump ore price for the first quarter of 2011 at $2.4824/dry metric ton unit, a source at the steelmaker said Monday.


The price is up 7.67% from Q4 2010, she said. Based on that, the price of Pilbara Blend lump with 62.5%-Fe would be $155.15/dmt FOB Australia.


The lump price in Q4 is $2.3055/dmtu, according to a source at another Chinese steelmaker, which has yet to be informed of the Q1 price.


Rio Tinto didn't immediately respond to emailed queries on the matter. Quarterly changes to the price of lump ore track prices of fines in percentage terms, a source at a Northeast Asian steelmaker had said previously. For example, if the price of fines increases 7.67% in Q1, the price of lump will be adjusted by the same amount, he said. Sources at three other Asian steelmakers confirmed last Friday that Rio Tinto had informed them of Q1 prices. One of them said it would increase by about 7.6-7.7% from the current quarter.


Rio Tinto would raise Q1 prices by 8% to $2.209/dmtu from $2.051/dmtu in Q4 2010, a November 30 analysis by Platts showed. The percentage figure was rounded off to the nearest whole number from 7.67%. --Keith Tan, keith_tan@platts.com

Similar stories appear in Metals Week. See more information at http://www.platts.com/Products/metalsweek

No comments:

Post a Comment