| |
| Xinxin Mining Got More Profit in H1 |
|
| Code:MFN002824 Prpduct:Nickel Ore Date: 2010-07-29 |
| Xinjiang Xinxin Mining Group is China’s No.2 sulphide nickel ore smeltery and revenue from nickel production accounts for 70% of total revenue. 2010 nickel yield is expected to be 7,000 tons. As nickel market recovery, Xinxin Mining Group is actively expanding nickel smelting ability and it is expected annual nickel yield is soaring to be 12,000 tons within three years. If nickel price is up to be RMB170,000/mt, RMB180,000/mt and RMB185, 000/mt respectively in 2010, 2011 and 2012, earnings per share would be RMB0.25, RMB0.33 and RMB0.54. At the same time, increase rate of net profit would be 140.2%, 34.5%, and 63.0% correspondingly. |
| |
|
|
|
|
|
|
|
| 08 Sep 2010 | | | Cash Ask | 3M Ask |
|---|
| Copper | 7620.00 | 7635.00 |
| Aluminium | 2120.50 | 2150.00 |
| Zinc | 2170.00 | 2197.00 |
| Lead | 2151.00 | 2179.00 |
| Nickel | 22450.00 | 22400.00 |
| Tin | 20980.00 | 21075.00 |
| Al.Alloy | 2230.00 | 2130.00 |
| NASAAC | 2081.00 | 2110.00 |
| Steel Billet | 506.00 | 527.00 |
| Cobalt | 41000.00 | 40700.00 |
| Molybdenum | 35300.00 | 36000.00 |
|
|
 |
|
|
|
|
2010-09-09 |
|
| PRODUCT |
BID
(US$/TON) |
ASK
(US$/TON) |
2B Coil-OCT |
3,300 |
3,380 |
No.1 Coil-OCT |
3,120 |
3,200 |
2B Coil-DEC |
3,300 |
3,380 |
No.1 Coil-DEC |
3,120 |
3,200 |
|
|
|
|
|
|
|
MetalFirst China Average:
US$16.025/lb
As of Sept. 3, 2010
(updated weekly)
MetalFirst Average:
US$16.00/lb
As of Sept. 3, 2010
(updated twice weekly)
|
|
|
|
