Stockbrokers Conference Sydney

The 2015 Annual Stockbrokers Conference is taking place on 28th and 29th May 2015, at the Hilton Sydney. With many outstanding speakers some of the highlights included presentation from Mr. Xinchuang Li who is the Executive Vice Secretary-general of China Iron & Steel Association. He has made a prediction that iron ore mining companies are in for a “very, very tough time” in a near term future as the fierce competition between local steel producers will keep the commodity’s price below $US65 a tonne. “Mining companies are in for a very, very tough time because of our competition,” Mr Li said. “Because of it, the price of steel will stay low, which pushes the iron ore price to a low level.” The other subjects of the conference have covered Australian economy and international equity markets. Savanth Sebastian, Economist from CommSec predicts that shares will be best investment asset class for next five years. And great insights into the Indian financial markets from Ashish Chauhan who is Managing Director and CEO of the Bombay Stock Exchange which is currently the world’s 10th largest share market.

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