Language Skills: Proficient in Mandarin and English
Responsibilities:
1. Market Analysis and Research:
- Conduct in-depth analysis of the Chinese iron ore market, including market trends, pricing, and demand-supply dynamics.
- Stay abreast of global iron ore market developments that may impact the Chinese market.
2. Identifying Buyers and Sellers:
- Develop and maintain strong relationships with key stakeholders in the Chinese iron ore industry, including buyers, steel mills, and trading partners.
- Identify potential buyers for iron ore fines, lumps, and pellets in China and establish strategic partnerships.
3. Negotiation and Deal Execution:
- Negotiate and execute contracts with Chinese buyers for the procurement of iron ore products, ensuring favourable terms and conditions.
- Collaborate with global sellers to facilitate the export of iron ore to the Chinese market.
4. Hedging and Risk Management:
- Implement effective hedging strategies for iron ore futures to mitigate market risks and optimize trading positions.
- Monitor and manage exposure to market volatility, developing risk mitigation plans as necessary.
5. Regulatory Compliance:
- Stay informed about relevant regulations and trade policies affecting the iron ore market in China.
- Ensure compliance with all local and international trade regulations.
6. Collaboration with Cross-functional Teams:
- Work closely with logistics, finance, and legal teams to ensure seamless execution of trade deals.
- Provide market insights to internal teams for informed decision-making.
7. Performance Tracking and Reporting:
- Develop and maintain comprehensive reports on market trends, trading activities, and key performance indicators.
- Regularly update management on the status of trading portfolios and market conditions.
8. Professional Development and Training:
- Stay updated on industry best practices, emerging trends, and advancements in iron ore trading.
- Mentor junior team members and contribute to their professional development.
