The stone fell into the calm lake, breaking the original balance.
This is the real reason why the three major mines were so angry when they heard that FMG Resources had launched a production capacity of 150 million tons.
There is a very vivid metaphor;
Just like a person who eats a bowl of rice every meal, he can't eat even one more spoonful, and he will be hungry if he eats one less spoonful.
This is the case with iron ore. It does not mean that if the gap is 5%, the price will rise by 5%. When demand is strong, the price will rise irrationally. The overall price will rise by 30% or 40%, or even double.
Raymond, Sanchez Piano and Paul Skinner are all veterans who have been in the industry for decades. The old traditional concepts misled them and they felt that the extra iron ore could not be eaten or drunk, and would only make
Things get worse.
Even the most imaginative person, without the golden finger of rebirth, would never dare to imagine China's huge appetite for iron ore, which is simply astonishing.
Haha...understand the extraordinary development.
The huge production scale of FMG Resources Company is equivalent to a 25% increase in the world's iron ore supply, suddenly breaking the original tacit understanding.
It will inevitably cause violent price fluctuations. How can we prevent them from jumping in a hurry?
If the original historical trajectory remains unchanged;
Just six years later, China's iron ore imports reached 628 million tons in 2009, and the price of a ton of iron ore soared to US$175 in 2011. What kind of concept is this?
Calculated based on the 2004 import prices, importing the same amount of iron ore would cost an additional US$82.268 billion.
Most of these are converted into net profits for the three major mines, which cost more than 80 billion US dollars in just one year. This is the heart-wrenching iron ore tragedy of the Chinese steel industry.
After more than ten years, there was no solution and I suffered endless exploitation.
capital of western australia
Perth city
"Hey... it's really good! The results of the 2005 Changchun Association price negotiations are out, and China's proposal to increase prices by 16.5% was unanimously approved. This is a rare victory!"
Wang Yaocheng received the news of the negotiations from Tokyo immediately, and his heart suddenly surged with joy, and a feeling of pride arose spontaneously.
He couldn't help but stood up and walked a few steps, and came to the floor-to-ceiling windows with unobstructed views. Looking at the lush forests outside the window, the entire city of Perth seemed like a beautiful town in an idyllic jungle.
"Xueyi, take a look at this pastoral beauty. It is such a rare place!"
Hearing this, Shi Xueyi walked to the window and looked at the street scene of Perth, which looked like a village, almost like a super miniature version of Los Angeles.
In terms of liveliness, it is not even as good as the fifth-tier small cities in China.
He was a little confused;
Why can't I see the benefit?
"Brother Cheng, do you... want to go back to Los Angeles? Oh, by the way, I haven't seen my sister-in-law Julia for more than three months, and I haven't seen my three eldest nephews for a while too. It's really strange.
Missed."
Wang Yaocheng looked back at Shi Xueyi in surprise and said;
"What are you talking about, you bastard? Why do I think your brain circuit is so amazing that you sent me back to Los Angeles all of a sudden? You have such a rich imagination!"
Seeing the boss's reaction, Shi Xueyi couldn't help but be stunned for a moment before he came to his senses.
Oops, isn't it true that if you don't open the pot, you won't be able to pick it up?
These days, the gorgeous Nicole Kidman has been accompanying Wang Yaocheng. The two of them were in love and had a passionate affair, and they couldn't hide the affair from others.
You're such a thin-skinned kid, can you still do this? Saorui...it's a mistake!
"Uh... Brother Cheng, don't worry. I won't tell Sister-in-law Wanru about the slutty thing you did with Nicole here. If Sister-in-law Wanru asks, Sister-in-law Linlin, Sister-in-law Yuxin, Sister-in-law Elizabeth, and Sister-in-law Ivanka, Even if you kill me, I won’t say anything.”
Where is this all going?
Why do you have the urge to kill?
"Damn, there's no need for them, I'll beat you to death right now."
Wang Yaocheng was so angry that the veins in his forehead were beating. He raised his long legs and kicked him. Shi Xueyi couldn't avoid being kicked on the butt. He turned over and sat down on the sofa, shouting loudly: "
"Ouch! Brother Cheng is hitting someone. Ouch... my heart hurts so much! Ouch... my head hurts so much! Ouch... I feel so weak all over! Without 1.8 million, I wouldn't be able to do that. Will get up."
"Okay, I'll let you pretend for me... I'll be disabled soon, and I'll take care of you for the rest of my life."
"No... I'm going to call auntie and tell her that you're bullying me. I'm living in dire straits and living in dire straits all day long."
"You can pull her down! Don't bother her if nothing happens."
Wang Yaocheng didn't smash the thick stack of documents in his hand, and put it on the desk again. There was really nothing he could do against his die-hard classmate.
This guy has mediocre qualifications. His only shining point is that he is absolutely devoted to his brothers. When he is appointed as the chairman of the supervisory board of HSBC, he is like an old guard dog.
Hehehe...reliable.
He is a glutton for the consortium's funds. He can go in but not out. He is a living miser.
The layout of the iron ore industry has achieved remarkable results, but I cannot share my sense of accomplishment with others, feeling stuck in my heart.
It's like the depressing feeling of rushing to the toilet, sitting on the toilet and not being able to calm down, and the whole world becomes gray.
"Brother Cheng, I see your eyes are shining with silver light, your face is filled with peach blossoms, and you look like you are full of spring. Should I avoid it appropriately? By the way, I will inform Nicole to take care of that little prodigal hoof..."
"Get out of here."
"Come on! There aren't many good things for good people like me these days, so just do it and cherish it."
"Don't leave if you keep talking nonsense. First, pour 20 pounds of blood into the three-knife and six-hole holes. In the evening, I'll treat the brothers to Maoxuewang, boil the large intestines, and boil the pig brains."
"I'm leaving... Isn't it okay if I leave? You won't even come if you invite me next time."
The resentful Shi Xueyi opened the door and went out, leaving Wang Yaocheng alone in the luxurious presidential suite, quietly enjoying the joy of success.
He walked to the bar and poured himself a glass of red wine. He picked it up and took a big sip. He let the rich and mellow wine flow from his mouth into his stomach, and shouted "So cool!" with a happy look on his face.
Money is a bastard, spend it and then earn it.
Just now, Shi Xueyi has brought three pieces of news, two good and one bad;
The first good news is that the 2005 "long-term agreement" negotiations have ended, and a benchmark price of 16.5% price increase has been finally determined. Based on this price, the three major mines will sign long-term supply contracts with major steel companies in China, Japan and South Korea. goods agreement.
All iron ore traders will rise or fall based on this price, because in the international market, in addition to the "long-term agreement" price, there is also the CIF spot price of iron ore, which is generally higher than the "long-term agreement" price 3 % to 6%.
The second good news is that Wang Yaocheng only now knows that HSBC is actually one of the shareholders behind Vale, BHP Billiton and Billiton, holding 6% to 2.5% of the equity respectively.
This part of the equity comes from the financial investment led by former HSBC President Richard Terrill.
The annual income is not much, but mosquitoes are still meat no matter how small they are.
Wang Yaocheng really ignored the HSBC Bank Asset Investment Accounts. The total number of them is as thick as a notebook. Who has the energy to read through it and keep it in mind?
He doesn't even know how much wealth he has?
I think it's around US$1 trillion. Every decimal point above is an astonishing figure. The exact amount is really hard to calculate.
The third is bad news. The negotiation team led by Vice Chairman of the consortium Huo Jiaguang personally broke down negotiations with Delta Air Lines, the third largest airline in North America, and Northwest Airlines, which ranked fourth in North America. They terminated the negotiations and withdrew.
The reason is simply that these two lions opened their mouths and wanted money to invest but did not want to transfer management rights. They set up many obstacles in the negotiations and seemed to be incompetent at every turn. There was simply no place to put them.
That arrogant look seemed like the royal family fund was begging them to accept the money.
This attitude is not surprising. The Rockefeller family and the Cleveland Consortium, the important driving forces behind the North American aviation industry, have a bad impression of the Royal Family Fund.
Moreover, white old money groups like to form small circles and have always been the stronghold of right-wing conservative ideas. Their rejection and antipathy towards people of color are inherent.
This is not just for China, but also for Japan, South Korea, Southeast Asia and even South America and Australia. These arrogant old white people have a sense of self-confidence.
Talk about the Australians being equally condescending;
"Oh... my God! You actually had lunch with those country bumpkins, so be careful of catching mad cow disease."
"Mad cow disease is from the United Kingdom. Australia's Angus beef is of high quality, but the smell of sheep mutton produced by these farmers cannot be washed away. It can be smelled across the Pacific Ocean. It is really regrettable."
"God bless me, I have no interest in the descendants of farmers and criminals. Let's talk about something happy..."
Cathay Pacific's cross-border mergers and acquisitions have encountered obstacles. Although Wang Yaocheng feels regretful, he is not discouraged. The negotiation team has made promising contacts with American Airlines, which ranks seventh in North America, and is very hopeful of reaching a merger agreement.
The board of directors of American Airlines has expressed a very positive attitude. They are indeed overwhelmed by the heavy operating costs and urgently need to hold on to their laps to take a breather.
As a medium-sized airline, the public backlash caused by the acquisition of American Airlines will not be that big, and even the antitrust agencies of the U.S. Department of Commerce and the Department of Justice will not care.
Western Australia
As the project bidding and long-term supply meeting of FMG Resources Company came to an end, China Railway Engineering Company, China Harbor Company and MCC, China's leading construction units that participated in the meeting, all received large construction orders, and their hearts felt like exploding with joy.
With huge project advance payments in hand, they have already taken action to purchase the required engineering equipment, construction materials and all other facilities, and are racing against time to mobilize elite troops and resources from all over China to invest in the development of the Pilbara region.
Other steel companies participating in the conference also made gains. They signed a long-term supply agreement with FMG Resources Company totaling 150 million tons, and shipped the first shipment of iron ore in the fourth quarter of 2006.
The ten-year long-term supply agreement stipulates that in the first year, the long-term price will be reduced by 8%, in the second year, it will be reduced by 5%, and in the remaining years, it will be reduced by 2%.
This is a mutually beneficial contract for both parties, tying all the powerful domestic steel companies in China to FMG Resources, and suddenly expanding the Chinese iron ore market.
This means that FMG Resources does not need to establish a product sales and promotion department. It only needs to set up three companies in South China, East China and North China to handle iron ore shipping schedules and import and export customs declarations, as well as docking work with major steel companies.
.
When iron ore powder ships to the dock, everything is subject to delivery at the dock.
There are more than ten people in one branch and no more than 40 people in the three branches, which is enough to complete the sales of iron ore worth tens of billions or hundreds of billions of yuan.