Sina futures learned from the industry that Rio Tinto had previously quoted prices in US dollars for China, but now it has indeed changed to RMB. This will greatly facilitate domestic steel mills, and experts say Rio Tinto's move is to retain Chinese customers.

According to the industry, the target of this business is 170000 tons of SP10 powder and block ore, which are delivered in Rizhao port. This year Rio Tinto set up a trading company to do mixed mining in Rizhao Port and sell spot goods to steel mills in RMB. In terms of pricing, refer to the price of Proctor and other spot indexes and futures.

Previously, Vale has launched mixed mining and spot sales in Dalian port, pricing in RMB or USD.

Weibo netizens have said that although the road has been tortuous since the internationalization of the RMB, it is gratifying, singing and weeping to move forward step by step.

Traditionally, the three iron ore giants refer to Vale, BHP Billiton and Rio Tinto.

It is understood that iron ore giants dare to quote in RMB, and the ability to use risk hedging tools is a big factor.

After the internationalization of iron ore futures in DCE, it has rapidly become the largest iron ore product in the world and the only one that adopts single physical delivery. Relying on the huge demand of China's iron ore market, Glencore and other international bulk commodity traders and miners have come to Dalian, using the RMB denominated iron ore futures as a risk hedge, which has become an important factor for miners to dare to quote in RMB.

DCE iron ore futures has played a positive role in guiding the long-term cooperative price and making long-term price planning and guidance for the steel industry. It also provides a practical starting point for the internationalization of RMB.

According to the data released by the General Administration of Customs, China imported 99.13 million tons of iron ore in September, soaring to the highest level since January 2018. China is the world's largest demand market for iron ore. With the construction of perfect risk hedging tools, iron ore has become the vanguard of RMB going abroad.

With the continuous opening of China's financial market, it is believed that in the future, more commodities will be priced in RMB, and the main risk hedging locations will also be transferred to China.

Recently, Australian iron ore giant Rio Tinto signed a trade contract with China's Shanxi Gaoyi Iron and Steel Company to provide 10000 tons of medium grade iron ore to Gaoyi, Tao Yongyi said on his Weibo. Compared with the total amount of 680 million tons of iron ore imported by China in the first eight months, the amount of 10000 tons is a drop in the bucket, but importantly, the transaction is denominated in RMB.

Is there any difference between iron ore denominated in RMB or US dollars? Of course, it does, and it's of great significance.

In the past, although China was the largest importer of iron ore, it once accounted for 70% of the world's iron ore trade. However, due to the lack of RMB settled trading market and the primitive pricing mechanism, in the year of strong domestic demand, the offshore price of iron ore rose by 100% continuously. In 2011, Vale's profit reached 22.9 billion US dollars, while China's 77 large and medium-sized iron and steel enterprises combined, only 80 billion yuan.

After 2011, with the slowdown of China's import growth, the price of iron ore went down all the way. Vale of Brazil was the first to lose its breath, because its iron ore has a long way to China and its freight is higher. In order to retain Chinese customers, Vale signed a memorandum with the bank of China in 2014 to consider using RMB in the sale of iron ore. Since 2017, Vale has started the normal RMB settlement in its sales activities with Chinese steel enterprises.

This time, Rio Tinto in Australia adopted RMB settlement, which was also forced by the situation. As Brazil has recovered from this year's dam break and started to restart iron ore supply, Rio Tinto is worried that Chinese buyers will turn to Brazil. In order to retain Chinese customers, RMB pricing is also an important means.

So far, two of the world's three largest iron ore suppliers have opened their doors to RMB. This means that the bargaining power of iron ore has begun to tilt to China. The internationalization of RMB is a step forward. (Sina Finance)

铁矿石巨头对中国改用人民币报价 人民币加速国际化

新浪期货向业内了解到，以前力拓对中国的报价都是美元报价，现在确实是已经改用了人民币计价。这将极大的方便国内钢铁厂，专家表示，力拓此举是为了留住中国客户。

据业内了解，这笔业务标的是17万吨sp10粉、块矿，在日照港交货。今年力拓成立贸易公司，在日照港做混矿，给钢厂用人民币计价卖现货。定价方面，综合参考普氏及其他现货指数、期货价格。

此前，淡水河谷在大连港已经推出混矿、卖现货，用人民币或美元定价。

微博网友纷纷表示，人民币国际化以来道路虽然曲折，但是一步一个脚印的往前走，可喜、可贺、可歌、可泣。

传统上铁矿石三巨头是指巴西淡水河谷公司、必和必拓公司、力拓集团三个铁矿石跨国集团。

据了解，铁矿石巨头敢于用人民币报价，能使用风险对冲工具是很大的一个因素。

大连商品期货交易所铁矿石期货国际化之后，迅速成为为全球规模最大、唯一采取单一实物交割的铁矿石产品。依托中国庞大的铁矿石市场需求，嘉能可等国际大宗商品贸易商和矿商纷纷来到在大连，利用人民币计价的铁矿石期货来做风险对冲，这成为了矿商巨头敢于用人民币报价的重要因素。

大商所铁矿石期货为钢铁行业引导长协价格，做出长远价格规划和指引发挥了积极作用。也为人民币国际化提供了切实的一个抓手。

根据海关总署公布的数据显示，中国9月份铁矿石进口量为9913万吨，飙升至2018年度1月份以来最高水平。中国是世界铁矿石最大的需求市场，配合完善的风险对冲工具建设，铁矿石已经成为了人民币走出国门的先锋官。

随着中国金融市场的不断开放，相信未来更多的大宗商品采用人民币定价，也会将主要风险对冲地点转移到中国。

陶永谊在微博中表示：最近，澳大利亚铁矿石巨头力拓公司与中国山西高义钢铁公司签订了一份贸易合同，力拓向高义提供10000吨中品味铁矿石。10000吨得数目相对于中国前8个月进口6.8亿吨铁矿石的总量来说，实在是九牛一毛，但重要的是，这笔交易是以人民币来计价的。

铁矿石用人民币计价和用美元计价有什么分别吗？当然有，而且意义还十分重大。

以前，中国虽然是铁矿石的最大进口国，最高的时候曾经包揽了全球70%的铁矿石贸易量。但由于没有用人民币结算的交易市场，定价机制又十分原始，在国内需求旺盛的年份，居然出现铁矿石离岸价格连续上涨100%的局面。2011年，巴西淡水河谷一家的利润就达229亿美元，而我国77家大中型钢铁企业加在一起，只有800亿人民币。

2011年以后，随着我国进口增速放缓，铁矿石价格一路走低，最先沉不住气的是巴西的淡水河谷，因为他们的铁矿石到中国的路途更远，运费更高，为了留住中国的客户，2014年，淡水河谷与中国银行签署备忘录，考虑在销售铁矿石的交易中用人民币计价。从2017年起，淡水河谷在与我国钢企的销售活动中，开始了常态化的人民币结算。

这一次澳大利亚的力拓公司采用人民币结算，也是形势所迫。由于巴西已经从今年的溃坝事件中恢复过来，开始重启铁矿石供应，力拓担心中国买家转向巴西，为了留住中国的客户，采用人民币计价也算是一个重要的手段。

至此，全球三家最大的铁矿石供应商中，有两家对人民币敞开了大门。这意味着铁矿石的议价权已经开始向中国倾斜。人民币的国际化又向前迈进了一步。（新浪财经）