VALE afunda mais um pouco hoje, depois do "minério de ferro 62%" atingir o patamar inacreditável de US$ 51,35 a tonelada
Lembrando que em janeiro de 2014, o "minério de ferro 62%" era negociado a cerca de US$ 128 a tonelada. portanto, há pouco mais de 1 ano. Uma queda de cerca de 60% nesse período.
VALE5 vai se aproximando da mínima de 2008, que foi 14,97
Abaixo, matéria da Bloomberg:
Iron Ore Sinks to 10-Year Low as Rio Rebuts Fortescue’s Cap Call
by Jasmine Ng
8:36 PM BRT
March 30, 2015
(Bloomberg) -- Iron ore completed the biggest quarterly loss since at least 2009 as surging low-cost supplies from Australia and Brazil swamp the global market, spurring a glut as demand from China slows.
Ore with 62 percent content at Qingdao, China, sank 28 percent since the start of the year, according to daily data from Metal Bulletin Ltd. The raw material retreated to $51.35 a dry metric ton on Tuesday. That’s the lowest since 2004-2005, based on data from Metal Bulletin and annual benchmarks compiled by Clarkson Plc, the world’s largest shipbroker.
The commodity capped a fifth quarterly retreat on Tuesday after Rio Tinto Group and BHP Billiton Ltd. expanded supply, betting increased volumes would offset lower prices and force higher-cost miners to close. A proposal from Fortescue Metals Group Ltd. Chairman Andrew Forrest this month for major miners to cap output was rejected by competitors, including Rio. Data showing China is slowing further, with the biggest buyer set for the weakest expansion in a quarter century, deepened the rout.
“There’s a bit of a self-destructing behavior by the big miners,” Philip Kirchlechner, former head of marketing at Fortescue and former chief iron ore representative at Rio Tinto in Shanghai, said by phone on Monday. “They’re overproducing in the face of slowing demand conditions. And it’s hard to understand such behavior,” said Kirchlechner, director of Iron Ore Research Pty in Perth, Australia.
Iron ore’s plunge since January compares with the 5.6 percent drop in the Bloomberg Commodity Index and exceeds the decline posted by that gauge’s biggest loser, lean hogs. Prices will slump below $50, according to Citigroup Inc., while Australia & New Zealand Banking Group Ltd. said that it doesn’t rule out a breach of that level in the second quarter.
“Mr. Forrest probably does speak the truth, in our view: the Big Miners can influence prices, if they could somehow (legally) act together to restrict supply growth,” Morgan Stanley analyst Tom Price wrote in a note, referring to Fortescue, Rio, BHP and Brazil’s Vale SA. The four control about 70 percent of global seaborne trade, Price wrote.
The lowest price this quarter, posted on Tuesday, is the weakest in daily and weekly rates from Metal Bulletin starting in May 2008. The Clarkson data, which include the cost of delivery to China, cover annual benchmark prices back to 2004.
China set a growth target of about 7 percent this year, the lowest in more than 15 years, and flagged headwinds including a property slump. Zhou Xiaochuan, China’s central bank chief, said on Sunday while growth has tumbled a bit too much, there’s scope for policy makers to respond. On Monday, the People’s Bank of China lowered the down-payment requirement for second homes and the finance ministry exempted homeowners from a sales tax.