主题:【原创】围城打援,各个击破 与澳FMG达成铁矿石长期协议 -- 天高云
FORTESCUE ACHIEVES CHINA IRON ORE PRICE
AND TOTAL VOLUME AGREEMENT FOR 2009
Perth 17 August 2009: Fortescue Metals Group Ltd (“Fortescue”
“ASX”:”FMG”) has achieved a landmark agreement with Baosteel Group
Corporation (Baosteel) and China Iron and Steel Association (CISA) for an
agreed China price for all Fortescue iron ore sold to Chinese mills for the period
July 1 to December 31, 2009.
The agreement, signed by Baosteel and CISA, commits Chinese steel mills to
acquire approximately 20 million wet metric tonnes from Fortescue for the
period between 1 July and 31 December 2009.
The agreed price is US$0.94 / dry metric tonne unit (“dmtu”) for Fortescue’s
Rocket Fines (on an FOB basis) and is around 3% under the price agreed by
other Australian producers with non Chinese Steel mills. This price equates to
approximately US$55.50 per dry tonne for Fortescue grade iron ore. Fortescue
has also agreed a lump price of US$1.00/dmtu for high grade lump which is
equivalent to approximately US$61 per dry tonne FOB.
A condition subsequent to this agreement is the completion of finance by 30
September 2009, by Chinese financiers on terms acceptable to Fortescue. This
is estimated by Fortescue to be an amount of US$5.5 billion to US$6 billion.
Under the Agreement, CISA has guaranteed that a priority will be given to FMG
to negotiate iron ore prices for 2010 if the annual pricing negotiation is
conducted.
Fortescue Chief Executive Officer, Mr Andrew Forrest, said the agreement
breaks the market impasse which has enveloped the Chinese iron ore industry
in uncertainty and added risk for the past 12 months.
“This groundbreaking agreement cements the strength of the bilateral
relationship between Australia and China in which mutual issues can be
resolved and future opportunities identified. It also creates a realistic and
agreed iron ore price that delivers value for all parties and provides strong
support for Fortescue’s continued growth” Mr Forrest said.
“The ongoing market speculation has promoted unprecedented iron ore and
steel price volatility, which in turn has created extreme production uncertainties
for Chinese steel mills and for suppliers setting individual contracts with those
mills.
“This agreement eliminates that price uncertainty, sets a solid platform for
Fortescue to deliver increased product into China and affirms our close working
relationship with CISA and all Chinese steel mills.”
Fortescue notes that while the price of steel in China has nearly doubled over
the past three months, it has fallen by 20% over the past 10 days alone,
reflecting the continued volatility in the industry.
“This agreement highlights Fortescue’s extraordinary achievement of becoming,
in only our first year of production, a critical element in the Chinese steel market
and guarantees our short to medium term tonnage volumes and underpins cash
flows irrespective of market volatility,” Mr Forrest said.
ENDS
- 相关回复 上下关系8
🙂但是似乎各地钢材价格持续下降? foursea 字641 2009-08-19 00:15:58
🙂中央现在应该调查日本在中国的投资状况 4 中国雷区 字282 2009-08-17 06:58:59
🙂这次较劲的本身就是为了定价权 果酱 字112 2009-08-17 05:59:53
🙂FMG ANNOUNCEMENT
🙂自欺欺人 三儿 字0 2009-08-16 22:46:44
🙂亲加疏澳,曲线救国。 路人 字0 2009-08-16 21:49:31
🙂FMG产量很小,只在全球第十位左右 4 积善 字2678 2009-08-16 21:34:36
🙂那就扶持它成为第一 1 cqhxs 字0 2009-08-17 05:32:13