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giovedì 1 ottobre 2015

Els: I miners in ferro hanno un nuovo concorrente, il riciclo cinese


The People’s Bank of China’s third quarter survey of businesses and households showed a marked deterioration in sentiment with confidence in the state of the economy falling to levels last seen during the height of the 2008-2009 financial crisis.
Il sentiment in Cina e' ai livelli del post fallimento Lehman e crisi del 2008-09
Iron ore is still trading up more than 20% from record lows for the spot market hit July 8, but remains down 54% compared to this time last year. A price below $60 all in – where the commodity has traded for the last 14 weeks –makes life difficult for all but the most cost-effective producers. 
Smaller iron ore miners not only have to compete with majors where margins remain fat and volumes continue to grow (Rio Tinto and BHP Billiton have breakeven costs below $30) – but now there could be a new game in town.
Il prezzo del ferro e' su del 20% rispetto ai minimi dell'8 luglio ma pur sempre giu' del 54% rispetto ad un anno fa.
Chart interattiva del prezzo del Ferro negli ultimi 20 anni da IndexMundi
Un prezzo sotto i 60 Dollari la tonnellata rende la vita difficile per parecchi miners. 
I colossi Rio Tinto e BHP Billiton hanno dei costi di sopravvivenza di 30 USD/ton (3 cent di euro al Kilo!) ... e ci potrebbe essere adesso un nuovo gioco in città: il riciclo. Che potrebbe offrire ferro a prezzi più bassi:
A new research report by Minerals Value Service shows the price to a Chinese coastal mill of producing one tonne of pig iron (including cost and freight of all iron ores, coking coals, sintering and pelletizing costs) is currently higher than benchmark scrap price (Platts Heavy Delivered mill Jiangsu Scrap) inside the country. 
The fact that the Platts price is the only Chinese scrap assessment illustrates the fact that scrap supply has not in the past played much of a role in the industry, especially when compared to places like Europe where steelmakers have been known to charge up to 18% scrap to furnaces according to MVS. 
For iron ore exporters it’s not all bad news however. (...) 
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