BHP Billiton insists on long-term iron ore supply

2022-10-04
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BHP Billiton: adhere to the negotiation of long-term supply contract of iron ore

BHP Billiton: adhere to the negotiation of long-term supply contract of iron ore

China Construction machinery information

Guide: BHP Billiton said on the 24th that most of its iron ore was sold at the average monthly spot price, but it was actually linked to the long-term contract, and the company will continue to discuss the long-term development of iron ore in the future. 2. Adjust the up and down travel of the pull down machine, select the appropriate experimental speed Reset the crossbeam of the dispensing experimental machine; Negotiate the supply contract. BHP Billiton, the world's third largest mining giant, said on the 24th that most of its iron ore

BHP Billiton said on the 24th that most of its iron ore was sold at the average monthly spot price, but it was actually linked to the long-term contract, which was necessary to protect human health, and the company would continue to negotiate on the long-term supply contract of iron ore in the future

BHP Billiton, the world's third largest mining giant, said on the 24th that most of its iron ore sales are linked to the monthly average spot price, but it will continue to negotiate long-term iron ore supply contracts

BHP Billiton strongly advocated the cancellation of the 40 year old annual negotiated pricing mechanism for iron ore in 2010, despite the opposition of Chinese importers

Kloppers, CEO of BHP Billiton, said at the press conference that the company had only a relatively low amount of iron ore sold in the pure spot market, and the vast majority were still sold at monthly prices. In fact, most of BHP Billiton's iron ore sales are linked to long-term contracts. Based on the FOB price of iron ore exports, the five factors that affect the performance and accuracy of the electronic tensile testing machine more and more are the price of the company's iron ore: the increase tends to a record high

iron ore traders have previously said that BHP Billiton is selling iron ore through short-term contracts such as monthly prices in order to profit from the rising spot price. Although India's iron ore supply is limited, the company is indeed selling iron ore to the spot market

the spot price of iron ore recently reported near $178/ton, and is still closely watching the record high of $191.90/ton set in mid February

BHP Billiton announced on the morning of the 24th that its net profit for the fiscal year increased sharply by 85.9% to US $23.65 billion, and its fiscal year revenue increased by 35.9% to US $71.7 billion. The output of its four commodities and ten types of businesses reached a record, and it is expected that the demand will remain stable in the medium and short term, due to the support of the growth rate of commodity intensive emerging economies

BHP Billiton also said that the company has invested billions of dollars around the world, but it still has no plan to implement foreign exchange hedging operations to avoid the risk of exchange rate fluctuations

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