果冻九一麻花

To cut costs, mining giant Rio Tinto will include many non-core businesses for sale list, including Rio Tinto in Australia coking coal firm Coal & Allied holds an 80% interest. Some market analysts, Rio Tinto sold coking enterprises to some extent reflects the Chinese coking coal demand growth, or will slow down.


Coking coal is a major material for steel production, a ton of iron, half the charge of coke, and 1.4 to 1.6 tons of coking coal to Make 1 ton of coke. However, the country is the lack of high-quality coking coal, domestic high-quality coking coal often comes from imports.


In fact, coking coal, whether in China or the world belong to the scarcity of resources. Although our country rich in coal resources, but the coke quality difference is very large, in addition to a high-quality coking coal in Shanxi Province, Chinas high-quality coking coal and other regions fat coal resources is still relatively scarce. Currently, Australia is Chinas largest coking coal supplying countries.


However, with the loss of a large area of ??the steel industry, the downstream coking coal prices have been affected. As of the end of 2012, a domestic coking coal listed companies accounts receivable up to 2.919 billion yuan, while in 2012 80 key large-scale iron and steel enterprises total profit of only 1.58 billion yuan.


Wanda futures analysis, although after a period of inventory consumption, steel mills in Tangshan recent replenishment demand emerged, some coking plant coke shipments difficult to improve the situation. But the situation is not yet widespread, there is still coke prices overstock, shipping difficulties.


CITIC Securities (Stock Code: 600030) Researcher Zuguo Peng said that since April this year, more than the main producing areas of coking coal prices, the biggest decline of 8%. CSC researcher Liu Cheng analysis, the current downstream coking coal inventory has climbed to a new high, and the port inventory renewed, so the coking coal prices under pressure.


Rio Tinto increasingly long list of asset sales, indicating that the worlds second-largest mining company sincerely want to cut costs and exit non-core businesses. Rio Tinto last year, about 90% of profits from the concentrated iron ore operations in Western Australia. Its intention to sell the Coal & Allied, the high cost of many of its rivals, in the case of slowdown in Chinese demand, sold undoubtedly a wise move. This means that, in addition to the diamond business in Canada and the Pacific (Stock Code: 601099) of aluminum smelting business, the coal business in Australia is likely to be thrown to the Rio Tinto after another burden.