Wednesday, July 12, 2017

Alrosa plans to produce next year about 39 million carats, he told reporters the president of the company, Andrey Zharkov.
"As long as we keep the plans of 39 million carats," - A.Zharkov said.
This year, Alrosa plan for production of 37 million carats.
On the question of what the optimal amount of runoff for ALROSA, A.Zharkov noted that it depends on the market situation.
"There is a norm on technological terms. All that is over, can be considered excess. But really it all depends on the situation. If we talk about the beginning of 2016, when we had formed an excessive reserve, that allowed us to work flexibly with a range of products, when it was . a surge in demand we targets for 2016 - is to sell everything that we 's get -. 37 million carats in the I half you see destocking we do not exclude that the reserves slightly increase in comparison with the I half-year ". - he added.
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1 comment:

Pearl Necklace said...

Major Chinese banks will be among the 18 organizations that will join the new system, the price of gold installation in RMB. It is expected that this will be one of the most important steps in the beginning of the establishment of the gold price in China, according to Reuters.
China, the largest manufacturer, importer and consumer of gold in the world, does not want to depend on the value of the dollar in international operations and believes that its weight in the market gives him the right to set the price of gold.
Gold fixing in RMB will be launched on April 19, but it will not be a direct competitor to the London and New York prices. Nevertheless, it is expected that due to a new pricing benchmark Asia can get more out of the gold market, especially if the yuan is still become one of fully convertible currencies.
According to the report, the price of gold in China will be established on the contracts for the supply of gold weighing 1 kg. Trade will be carried out 18 of the fixing system of the members of the Shanghai Gold Exchange (SGE), which will be the main mediator in operations.
In fixing the system will include four major Chinese state-owned banks - Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China and China Construction Bank, as well as those banks and companies such as Bank of Communications, Shanghai Pudong Development Bank , China Minsheng Banking corp, Industrial Bank Co, Ping An Bank, Shanghai Bank, Bank of China (Hong Kong); Retailers Chow Tai Fook and Lao Feng Xiang, the Swiss trading house MKS, Chinese mining companies China National Gold Group and the Shandong Gold Group.
Fixing will be made on the basis of the gold price in RMB per 1 gram twice daily on the basis of a few minutes of trading in each session.