Freshwater Valley itself has strong self-regulation ability, and the Vale mine disaster has limited impact on the overall output of iron ore.In the short term, this accident occurred.ValeThe Feijao mine produced about 7.8 million tons of iron ore in 2017, accounting for 2.13% of the total production of iron ore in the Vale, and after entering the shipping market, it accounted for only 0.5% of the global iron ore trading market.
In the Chinese New Year holiday, the Platts iron ore index rose nearly 30% in two weeks.China is the world's most important importer of iron ore. According to the statistics of the Metallurgical Association, China's iron ore imports in 2015 were 953 million tons, accounting for 65.1% of the total imports. According to the statistics of the Haiguang General Administration, China's iron ore imports in 2018 have risen to 1.064 billion tons. The Vale mine accident happened just one week before the Chinese New Year. Because the spot transaction in China was basically stagnant during the Spring Festival, it was not according to the actual transaction pricing, but the Platts Index of the mine inquiry mechanism was very easy to receive the investment price behind the mine.
The iron ore pricing power is imminent, and the Mysteel iron ore index is gradually recognized internationally.BHP Billiton and Tamsui Valley among the world's three major mining giants have already included MIODEX in the pricing mechanism. MIODEX has also been adopted by India, Indonesia, Malay and other mining and trading companies and the Singapore Global Iron Ore Spot Trading Platform. Iron ore pricing.
The payment rate of millions of members has risen with the number of users, and the steel and silver e-commerce has started the self-revolving profit redemption period.Bulk data collection and analysis terminals are maturing, and the penetration rate of 3 million members and ARPU are expected to continue to increase. The five-year steel and e-commerce integration is coming to an end, and the consignment and self-employment advantages are getting clearer. The 2018H1 steel and silver e-commerce has gradually expanded its leading edge, and the overall transaction volume has surpassed the sum of the other two. It is expected to rise further throughout the year. maintainprofit predictionUnchanged, expected 2018-2020Operating incomeFor 913.26, 1114.3 and 134.854 billion yuan, returning to the motherNet profitMaintaining a “Buy” rating of 1.25, 2.68, and 421 million yuan.
(Article Source:Shen Wanhongyuan)