AnCaps
ANARCHO-CAPITALISTS
Bitch-Slapping Statists For Fun & Profit Based On The Non-Aggression Principle
 
HomePortalGalleryRegisterLog in

 :: Anarcho-Capitalist Categorical Imperatives :: AnCaps' Laissez-faire Free Trade Zone
 

 China steels itself against iron fluctuations

View previous topic View next topic Go down 
AuthorMessage
RR Phantom

RR Phantom

Location : Wasted Space
Job/hobbies : Cayman Islands Actuary

China steels itself against iron fluctuations Vide
PostSubject: China steels itself against iron fluctuations   China steels itself against iron fluctuations Icon_minitimeSun Feb 23, 2014 7:15 pm


Chinese steel mills are dominating a rapidly evolving iron ore derivatives market to hedge themselves against price volatility.

The market for financial products derived from iron ore is relatively new, despite being common for other major raw materials such as oil and copper for the past three decades.

It wasn't until 2008 that Credit Suisse and Deutsche Bank launched iron ore swaps, and since then the market has grown in a multibillion-dollar-a-month trade.

Daily volumes now average the equivalent of 2 million tonnes of iron ore, sufficient for the hedging of several Capesize ships, according to data compiled by Platts.

''In many ways iron ore has been a late bloomer in terms of commoditisation, but once in motion, the pace of development has been incredibly quick,'' Steel Index senior analyst Oscar Tarneberg said.

''In the past year, we've seen a lot more Chinese steel mills and physical traders getting involved in the market to hedge their exposure to price swings in the raw material.''

Read more: http://www.smh.com.au/business/china-steels-itself-against-iron-fluctuations-20140223-33agd.html#ixzz2uC5SADU4

_________________
Anarcho Capitalists Retail ,  OZschwitz Downunder BoutiqueAnarcho-Capitalists,AnCaps Forum,Anti-State,Anti-Statist,Inalienable Rights Defenders,Non-Aggression Principle,Non-Initiation of Force Principle,Rothbardians,Anarchist,Capitalist,objectivism,Ayn Rand,Anarcho-Capitalism,Anarcho-Capitalist,politics,libertarianism,Ancap Forum,Anarchist Forum,Vulgar Libertarians,Hippies of The Right,Forum for Anarcho-Capitalist,Forum for Anarcho-Capitalists,Forum for AnCap,Forum for AnCaps,Libertarian,Anarcho-Objectivist,Freedom, Laissez Faire, Free Trade, Black Market, Randroid, Randroids, Rothbardian, AynArchist, Anarcho-Capitalist Forum, Anarchism, Anarchy, Free Market Anarchism, Free Market Anarchy, Market Anarchy
China steels itself against iron fluctuations PgkowJT
Back to top Go down
 

China steels itself against iron fluctuations

View previous topic View next topic Back to top 
Page 1 of 1

Permissions in this forum:You cannot reply to topics in this forum
 :: Anarcho-Capitalist Categorical Imperatives :: AnCaps' Laissez-faire Free Trade Zone-
 :: 

Anarcho-Capitalist Categorical Imperatives

 :: 

AnCaps' Laissez-faire Free Trade Zone
Index, Portal, Induct Yourself Here, Forum Technical Non-Assistance, Philosophy & Religion, Realpolitik Statism & Bureaucracy, Law & Order, Rights Individualism & Lifestyles, Laissez-faire Free Trade Zone, Science Technology & Environment, Psychology Edumbcation & IndoctriNation, Culture & Art, Ancapdemia's Ebony Basement, High Octane One-on-One Debate, Celebrate Evildoers' Inadvertent Contributions to Ancap Values, Idiot of the Week Award Nominees Are, Humor, Freestyle Miscellaneous, Ancaps Emporium, OZschwitz Slave Pen Downunder Boutique, Anarcho-Capitalists,AnCaps Forum,Anti-State,Anti-Statist,Inalienable Rights Defenders,Non-Aggression Principle,Non-Initiation of Force Principle,Rothbardians,Anarchist,Capitalist,objectivism,Ayn Rand,Anarcho-Capitalism,Anarcho-Capitalist,politics,libertarianism,Ancap Forum,Anarchist Forum,Vulgar Libertarians,Hippies of The Right,Forum for Anarcho-Capitalist,Forum for Anarcho-Capitalists,Forum for AnCap,Forum for AnCaps,Libertarian,Anarcho-Objectivist,Freedom, Laissez Faire, Free Trade, Black Market, Randroid, Randroids, Rothbardian, AynArchist,Anarcho-Capitalist Forum, Anarchism, Anarchy, Free Market Anarchism, Free Market Anarchy, Market Anarchy, Market Anarchism, Volunteerism, Libertarian anarchism,
Free forum hosting  | ©phpBB | Free forum support | Contact | Report an abuse | Forumotion.com