Australian Fully Refined

Australian Fully Refined
There is no doubt we live in a fast-paced society that does not show any signs of slowing down any time soon. To relieve some of the stress associated with always being on the go, many people have turned to online to find ways of pampering themselve and looking good. Here at A Woman"s Place Too.com we offer a variety of skin care services, which are listed above. Use this list to help you determine what products you may be interested in. We bring you the latest break throughs in skin care technology at an affordable price. We are committed to helping you improve and maintain skin wellness. Our focus is on anti-aging treatments and looking younger and more beautiful without surgery. Specialty products include laser hair removal, microderm abrasion, Acne Blemish Control, Aromatherapy, Cellulite Treatments, Massage items, Anti-Aging Products, and finally Scar & Stretch mark Reduction. We hope you enjoy our treatments and enjoy shopping!

Home Loan Refinancing in Australia

Home Loan Refinancing is the most popular (and ever growing) loan type in Australia's home loan marketplace.

Refinancing a Home Loan or Mortgage basically means to take out a new loan (usually with a different bank or lender) and use these funds to pay out the old loan. Typically this is not a difficult process, with the right kind of assistance.

In a recent survey conducted by Mortgage Choice it was found that Home Loan Refinancing accounts for 34% of all the mortgage applications processed in Australia. When you think about it this is a logical step because over time borrowers needs and circumstances change, and they require their Home Loans to adapt with them.

Reasons Why Borrowers Refinance Their Home Loan

Australian Home Loan borrowers often consider refinancing for many varied reasons including:

Debt Consolidation - to reduce both the amount of interest being paid, and the repayments that are required. This also makes it simpler to manage as there is usually only one fortnightly or monthly account to pay afterwards.

Changes in personal circumstances - such as starting a family or getting a new job, or moving out of the property.

Need to access extra funds - if you need to pay for a new car, a big holiday, home renovations, an investment property, buying shares or for education expenses.

Not being happy with the current loan or lender

To change the term of the loan - the borrower may now be in a position to make extra payments and wants to utilize an accelerated payment schedule.

To reduce borrowing costs - say no more!

To switch from a variable interest loan to fixed or vice versa

To minimise tax - where the current borrowing arrangement is inappropriate

To assist in a separation or divorce

To start or purchase a business

Should You Refinance Your Home Loan?

As we have outlined above there are many reasons why Australian borrowers choose to refinance their mortgage. Mortgage Choice has developed a Refinancing Checklist to raise some issues that are not always considered. The aim of the Refinancing Checklist is to help you make an informed dicision.

WARNING!
There are dangers in unnecessarily refinancing or "churning" your mortgage. Churning is a term that refers to a finance provider refinancing a borrower even when it is not beneficial to the borrower and occurs at the expense of the borrower. It is crucial that borrowers fully understand exactly why they are refinancing, and also to calculate the overall savings achieved through this process.

The Costs Associated With Refinancing

Time and some mental exertion are two of the big costs associated with refinancing, but it's pretty difficult to place a dollar figure on these two things. As far as the fees and charges which are payable when refinancing it differs from state to state in Australia, but on an average size loan ($215,000) the cost of refinancing is approximately $1,000. This cost is generally rolled into the new Home Loan so there are no "out of pocket expenses".

Some of these refinancing costs can include the following:

Discharge fees to exit the old loan.

Registration fees for the new mortgage.

Loan Stamp Duty (not applicable in Victoria, Northern Territory and A.C.T)

Account fees

Lenders Mortgage Insurance

Valuation fees

Early payment fees

The most important issue is that you know the genuine costs of refinancing, and the features and benefits of the new loan, so that you can evaluate the benefit refinancing provides.

TIP:
It can pay to ask the new lender if they are prepared to contribute to these refinancing costs. If they are keen to gain new clients they may offer some help.

How To Refinance Your Home Loan

Using the services of a good Mortgage Broker can reduce the time taken to refinance, and also provide some certainty as to the end result. A competent Mortgage Broker will assess your borrowing requirements and assist in comparing your current home loan with one or more alternative offerings. When a refinance is chosen as the most suitable alternative, your Mortgage Broker will do all of the "leg work" required to arrange a suitable refinance. This is at no cost to the client, as brokers are paid for this by the lender chosen.

TIP:
Always keep in mind that it is overall cost and loan suitability which are the most important factors when refinancing, not necessarily just a lower interest rate (although it does help).

About the Author

Chris Smith works with Mortgage Choice in Australia.
For further information or help with your refinancing needs please visit
Mortgage Choice
.

The Chinese Metals Industry - a Roundup of 2008 and the Outlook for 2009

The Chinese metals industry - a roundup of 2008 and the outlook for 2009 

The  year  has  been  a rollercoaster  ride  for  most  industrial  metals, culminating in sharp price drops  as  the global financial crisis gripped major economies. As the world's  largest consumer and producer of metals, China's demand was the main  factor  behind  skyrocketing  metals  prices over the past few years through  to  the  beginning of 2008. China's metals consumption is expected  to  continue  to  grow  in  2009, but at a slower rate than in previous  years.  In  addition,  the  Chinese  government  is  likely to implement  positive  fiscal  and monetary policies to support the metals industry in 2009, in a move to maintain sustainable economic growth.

Iron ore and steel

In February,  Chinese  steel mills settled on benchmark iron price hikes of 65 percent  to  71  percent with Brazilian iron ore producer Vale, as demand for  the raw material went through the roof. In the middle of the year, Australian  iron  ore  miners Rio Tinto and BHP Billiton agreed to even larger  increases  in  contract  prices with Chinese steel mills of between  79.88  percent  and  96.5  percent.  The  separate deals were a breakaway  from  the  traditional  rule of agreeing to unified benchmark price changes.

However,  demand for iron ore has since dwindled, and there is a general consensus  in  the industry that benchmark iron ore prices will decrease for the  2009/2010  contract  year,  which starts on April 1, 2009.

Most insiders  and  industry analysts believe that benchmark prices will fall by between  30  percent  and  50  percent,  mirroring  the  gap  between 2008/2009  benchmark  prices  and  current  prices of Indian iron ore on China's spot market.

Aside from  contract  prices,  the main news in the sector this year was the Aluminum  Corporation  of  China (Chinalco) teaming up with Alcoa to acquire  a  12 percent stake in Rio Tinto's London-listed arm, which was widely interpreted  as  a  Chinese  government-backed  move  to  block a proposed  takeover  of  Rio  Tinto by BHP Billiton. The takeover bid was withdrawn  in  late November, much to the relief of Chinese steelmakers.

It is still expected that Chinalco will increase its shareholding in Rio next year  to  further  secure iron ore supplies for the country's steel industry.

Meanwhile, 2008 saw Chinese steel mills begin to source iron ore from an increasing  number  of  emerging  overseas  iron  ore miners and enhance cooperation  with  domestic  suppliers after Vale suspended shipments in late September.  Both  trends  are  likely to continue into next year as Chinese  steel mills will swim against the tide to reduce their reliance on the three mining giants.

Looking to the downstream market, China's steel product prices surged to record highs in June, driven by robust demand from both the domestic and international markets as well as high raw material prices. However, weak demand pulled  prices  down  over the second half of the year until mid-November, forcing steel mills to cut production in September.

Due to un inspiring  forecasts  for  the  global  economy,  China's steel product  exports  are  set  to further slide in 2009 despite the Chinese government's   scrapping  of  steel  product  export  taxes.  Meanwhile, domestic  demand for steel products is expected to recover in the second quarter of 2009 at the earliest, following implementation of the central government's RMB 4 trillion ($585.12 billion) economic stimulus package.

Steel product prices will continue to fall in early 2009.

During 2008,  China's  steel  industry  witnessed further consolidation, which saw  the  establishment  of conglomerates Guangdong Iron and Steel Group, Hebei  Iron  and  Steel  Group, Shandong Iron and Steel Group and Guangxi  Iron  and  Steel  Group.  Further  sector  consolidation can be expected in 2009 due to encouragement from the central government and as steel mills look for a way to weather the downturn.

Part of   the   Chinese   government's   consolidation   plan   includes establishing  steel  production bases in several Chinese coastal cities, and 2009  will see construction work start on Baosteel Group's Zhanjiang project,  Wuhan  Iron  and Steel Group's Fangchenggang project, Shandong Iron and  Steel  Group's Rizhao project, and Nanjing Steel's Lianyungang project.

In addition,  long-awaited  steel  product futures contracts may also be launched  on  the  Shanghai  Futures Exchange (SHFE) in 2009, which willhelp steel  companies  manage  large  price fluctuations on the domesticmarket.

Aluminum

In the first  half  of  2008, domestic aluminum smelters were hit by the severe snowstorms  in  southern  China,  power  shortages,  the  Sichuan earthquake  on  May  12 and high raw material prices, which all affected profitability.

Meanwhile,  aluminum  prices were volatile over 2008 and halved from the beginning  of  the  year  to  RMB  9,730 ($1,423.31) per ton on Dec. 25,falling  below  the  production  costs  of most Chinese smelters on weak demand and a market surplus. Many smelters will post losses for 2008 and with the  global  financial crisis yet to fully unfold, they will likely face a tough time again next year.

To date,  more  than  2 million tons worth of domestic aluminum smelting capacity have been suspended.

China(cnmining) is  expected to produce 13.50 million tons of aluminum in 2008, up8 percent  from  the  previous  year,  although  the growth rate is much slower compared  with  that  of  previous  years. It is likely that next year's output  will  grow,  and  the  market  is  expected  to stay in a surplus.

But, potential  upsides  for  the  industry  in 2009 include power pricecuts, the  State  Reserve  Bureau's (SRB) increase of aluminum reserves, and further cuts to export taxes and increases in export tax rebates for primary aluminum and certain aluminum products.

Copper

Domestic  and  global  copper  prices  continued an overall downtrend in 2008, and  were  relatively  volatile.  Chinese copper prices dropped by more than  60  percent  from  the  beginning  of  the year to RMB 22,880($3,346.89) per ton on Dec. 25.

Long-term  contract  copper  concentrate  treatment and refining charges(TC/RC)  for  2008  reached  a  low  of  47.2/4.72, and spot TC/RCs even dropped  to  30/3.0  in  the  middle  of 2008, which put domestic copper smelters  between  a rock and a hard place. Many did stay afloat through profits  from  sales  of  sulfuric acid, a by product of copper smelting, although some small-sized smelters were forced to cut production by one-third to reduce losses.

Tight copper  concentrate supply at the beginning of this year has since developed  into a surplus in recent months, with spot TC/RCs shooting up to 90/9.0 in December. Chinese smelters are expected to settle on higher long-term  TC/RCs for 2009 of about 77/7.7, which would support a growth in Chinese copper output in 2009.

Copper prices  on  both  the  Shanghai Futures Exchange and London Metal Exchange  will  continue  falling on slack demand thanks to the economic downturn  and  even  lower  production  costs in the first half of 2009.

However,  a  recovery  is  expected  later  in  the  year,  as increased investment in China's power grid projects will boost copper consumption.

It is also  expected  that  the Chinese government will reinstate copper tolling  in  2009  as  an additional support measure for domestic copper smelters, which would allow them to import copper concentrate and export refined copper at preferential tax rates.

Nickel

In 2008,  spot  nickel  prices on the Shanghai Yangtze Nonferrous Metals Market fell  from a high of RMB 271,000 ($39,619.88) per ton on March 6,to between  RMB 96,500 ($14,116.03) and RMB 106,500 ($15,578.83) per tonon Dec.  25,  as  demand  from  the  downstream  stainless  steel making industry crumbled.

According to Beijing-based Antaike Information, China's annual stainless steel output  is expected to reach around 7.1 million tons in 2008, down 2.2 percent  from the previous year. China's nickel production, measured by nickel  metal  content, is expected to stand at 200,000 tons in 2008, down 6.1  percent  year-on-year, while nickel consumption, also measured by nickel  content,  is forecast to reach 315,000 tons, equal to that of 2007.

In late October, Jinchuan Group, Asia's largest nickel producer, slashed its nickel production target for 2008 from 120,000 tons to 100,000 tons.

The fall  in nickel prices in 2008 and suspended operations of stainless steel factories  also  forced  Chinese  producers  of nickel pig iron to scale back  production in early September. By late October, more than 95 percent  of  China's  nickel  pig  iron  producers  had  shut down their facilities,  which  resulted  in  huge stockpiles of laterite at China's ports. On  Dec.  19,  laterite  stockpiles  at China's ports reached 6.9 million tons.

In 2009,  China's  demand  for  nickel may continue shrinking because of declining  stainless  steel  output.  As such, spot nickel prices on the domestic  market  will  remain weak, between RMB 41,100 ($6,000) and RMB68,500 ($10,000) per ton. Only 60 percent of China's total 12.05 million tons of  stainless  steel  production capacity will be in operation next year, and   about  6.64  million  tons  worth  of  newly-added  domestic stainless  steel  production  capacity  will  remain  idle. According to Antaike  Information, China may produce 229,000 tons of nickel, measuredby nickel metal content, and nickel consumption may fall to 313,000 tons in 2009.

Zinc and lead

Zinc prices  on  the SHFE fell from a high of RMB 23,000 ($3,364.44) perton in March to the year's lowest point of RMB 8,400 ($1,228.75) per tonon Dec.  8.  As  demand  dropped  considerably after the outbreak of the financial  crisis,  major  domestic  zinc  producers  cut production and postponed  new  production  facilities  from coming online. For example,Huludao  Zinc Industry Co. Ltd. and Yunnan Luoping Zinc, Electricity Co. Ltd. and  other  major  Chinese  zinc  smelters cut output by between 25 percent and 30 percent of their total production capacity.

According  to  Antaike  Information  China  is  expected  to produce 3.9 million  tons  of  zinc  in  2008,  up  4.28  percent year-on-year. Zinc consumption  is  expected  to  reach  3.7  million  tons in 2008, up 2.7percent year-on-year.

In 2009,  China's  zinc  consumption may fall below this year's level as the country's economic growth continues to slow. In particular, Interfax believes  the government's stimulus policies will not be as effective as expected.

Meanwhile,  Chinese  smelters  are  likely  to shut down more production  facilities  to  reduce  losses  on falling demand, which may reduce China's 2009 zinc surplus when compared to this year.

If market  conditions  worsen  next year, and more production facilities are closed,  the  government may resume export tax rebates on high-grade zinc or  lower  export  tax  rates for certain zinc products in a bid to boost exports.

Lead consumption  is  expected to grow by 8 percent year-on-year to 2.75 million  tons  in  2008,  according to Antaike Information. China's lead production  is  expected  to  grow  by  9.3 percent year-on-year to 3.05 million tons in 2008, leaving the market in a surplus.

The outlook  for  China's lead industry is uncertain for next year, with the possibility  of  a  market  surplus as demand may slide with China's expected  slower  rate  of  economic growth. The country may also see an increase  in lead production as there are many newly-built lead smelting facilities on hold at present, which may commence operations next year.

Gold

Since its  debut on the SHFE on Jan. 9, gold futures prices saw volatile fluctuations  throughout  the  year,  closing at RMB 185.84 ($27.18) pergram on  Dec.  25, down 16.66 percent from its first day of trading. The Hong Kong Futures Exchange also launched gold futures trading on Oct. 20 this year,  although few investors have been tempted by the new products due to the  likelihood  of  minor  gains  at  best and the immature gold trading system.

Domestic  spot  gold  prices  in  2008,  which  tracked SHFE prices, and tightened   finances  have  forced  China's  gold  mining  and  refining companies  to  slow  production.  China's  gold output in 2008 will only reach around 275 tons, instead of the previously forecast 300 tons.

International  and  domestic  gold  prices in 2009 are expected to rally upwards, given the supply shortfall, and the increasing demand for gold, which is   popular   during   recession-time.   However,   the  possible strengthening  of the U.S. dollar against the Euro in 2009 may support a higher U.S.  Dollar  Index, which would undermine the upward movement of international gold prices.

About the Author

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