Growth in China's industrial sector is always getting attention from mining companies world mining companies non maupu, because the growth of industrial sector affects the growth of the global industrial sector.
Growth in demand for raw materials mining and mineral production in China is very high, so many mining companies interested in investing in the development of mining exploration in China.
Steel production sector is the sector that experienced very high growth in the year 2009, so the demand for imported iron ore and coking coal to China experienced tremendous growth.
KGI Securities analyst in Taipei, making the analysis of the growth of steel production and coking coal demand in 2010.
"China's crude steel production will grow 8 percent, crude steel production is estimated that more than 600 million metric tons. The growth of crude steel production will push the demand for primary raw material production of crude steel, coking coal, at high levels. Coking coal supply in China will remain tight in 2010, while gross margin coking coal suppliers will hover around current levels. We estimate the price of coking coal increased from 10 to 15 percent in the spring of 2010 as the steel sector to enter the peak season, improving gross margin coking coal maker. Coal coking increased imports by China will begin to change the landscape of global coking coal trade in 2010. Like the European Union and North America increased demand for coking coal for steel production is higher, the global coking coal supply will continue to close, raising the price. "
No comments:
Post a Comment