1 Moon 8 On [date], the Australian government stated that, due to increased global supply and a cooling demand caused by the contraction of China’s steel industry, the average price of iron ore this year is expected to be... 51.50 U.S. dollar / ton, compared to 2017 Year-on-year decline 20%。

　　The above government forecasts differ from some private-sector predictions. UBS Group ( UBS ) and Citigroup ( Citigroup ) It is expected that, as market resilience continues to become increasingly evident, 2018 The average annual price of iron ore will be... 64 U.S. dollar / About a ton, and with 2017 of the year 64.30 U.S. dollar / The tonnage remained basically stable.

　　Currently, the spot price of iron ore is approximately 75 U.S. dollar / Ton, last dropped to 52 U.S. dollar / Below the ton is 2017 Year 6 month, but David, a resource and energy analyst at Australia’s Department of Industry, Innovation and Science, ? Sertel ( David Thurtell ) says China's steel industry is expected to shrink. “ We still believe our expectations are appropriate. ” He said.

　　The world’s three largest mining giants, BHP ( BHP ), Rio Tinto Group ( Rio Tinto ) and Vale S.A. of Brazil ( Value They are heavily reliant on the iron ore business. Although these companies have made efforts to diversify their operations and expand into other industrial raw materials such as copper, aluminum, and coal, iron ore revenue still accounts for the largest share of their total revenue.

　　Brazil's Vale plans to... 2018 The country will increase its iron ore export volume. 7% To 3.9 hundred million tons. Australia’s Rio Tinto and BHP, as well as... Fortescue Metals Group The plan is to add approximately... in the coming years. 1.7 100 million tons of production capacity.

　　In its latest commodity outlook report, Australia’s Department of Industry, Innovation and Science stated that the anticipated decline in iron ore prices is expected to continue. 2019 Year, at which time the average price will be only 49 U.S. dollar / Ton.

　　 “ As the market reacts to uncertainties stemming from winter production restrictions impacting iron ore demand, iron ore prices are expected to... 2018 The beginning of the year will see some turbulence. ” The department stated that the decline in prices will reflect an increase in supply from low-cost producers, as well as a cooling of demand due to the contraction of China’s steel industry. China is shutting down old, highly polluting steel plants and induction furnaces in order to curb overcapacity in the steel sector.

　　2019 Fiscal year (ending on) 6 By the end of the month, Australia's LNG exports are expected to increase to... 7650 Ten thousand tons, 2017-18 The fiscal year is expected to be 6300 Ten thousand tons, last year was 5200 Ten thousand tons.

　　The Australian Department of Industry, Innovation and Science stated that, 2016-17 Fiscal year and 2018-19 During the fiscal year, LNG exports should boost Australia's export revenue. 140 hundred million Australian dollars ( 715 hundreds of millions of yuan), while iron ore exports are expected to drag down export revenues. 100 Hundred million Australian dollars.

　　The Australian Department of Industry, Innovation and Science expects that, as supply increases to offset demand, in the future... 18 Over the next month, the benchmark price of coking coal will be determined by the previous quarter. 192 U.S. dollar / Tons fell back.

　　Meanwhile, the department expects that, 2018 Throughout the year to 2019 At the beginning of the year, thermal coal prices are expected to decline. 2018 The spot price at the Port of Newcastle will decline this year. 12% To the average 77 U.S. dollar / ton, 2019 Falls again this year 6% To 70 U.S. dollar / Ton.