1. Most Discussed
  2. Gainers & Losers
  1. Members, Techs apologise for the loss of thread titles, and are currently working on restoring them. They will be back asap. Thank you
FMS 7.5¢


  1. jake0002

    6,704 Posts.
    from AFR - extract of article on Vale's monster ore carriers now being allowed into Chinese ports:

    "Vale the big winner

    Falling oil prices and an oversupply of ships has seen freight rates to China from Brazil and Western Australian fall by around 60 per cent over the last year.
    In absolute terms the big winner has been Vale.
    Shipping to China from Brazil is now only $US6.50 a tonne more expensive than from WA.
    A year ago, the differential was closer $US17 a tonne.
    Vale's pitch to being the world's lowest cost iron ore producer won't be known until the end of this month, when its quarterly production numbers are released.
    It currently sits at number three, behind Rio and BHP. Vale is expected to provide some insight into how the bigger ships will lower its cash costs, giving the market an idea if it will claim bragging rights for being the lowest cost producer.
    Rio's latest set of numbers will take some beating.
    The Anglo-Australian miner told the market last week that its cash costs had fallen to just $US17 a tonne.
    That leaves plenty of room for healthy margins even as with the iron price hovering around $US62 a tonne and forecast to go lower.
    The Australian Financial Review

    so I was wondering just how this would impact on FMS ???
    we get charged rail and port fees by RTA.
    so when does title of FMS I/o change? ie who pays the shipping, and so who gets the benefit of lower shipping costs?

    (I know I should know the answer to this)

Before making any financial decisions based on what you read, always consult an advisor or expert.

The HotCopper website is operated by Report Card Pty Ltd. Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.

From time to time comments aimed at manipulating other investors may appear on these forums. Posters may post overly optimistic or pessimistic comments on particular stocks, in an attempt to influence other investors. It is not possible for management to moderate all posts so some misleading and inaccurate posts may still appear on these forums. If you do have serious concerns with a post or posts you should report a Terms of Use Violation (TOU) on the link above. Unless specifically stated persons posting on this site are NOT investment advisors and do NOT hold the necessary licence, or have any formal training, to give investment advice.


Thank you for visiting HotCopper

We have detected that you are running ad blocking software.

HotCopper relies on revenue generated from advertisers. Kindly disable your ad blocking software to return to the HotCopper website.

I understand, I have disabled my ad blocker. Let me in!

Need help? Click here for support.