资料简介
Since the March 2017 Resources and Energy Quarterly, the value of Australia’s resources and energy export earnings in 2016–17 has been revised down by $9.9 billion (4.6 per cent) to $205 billion. The downward revision primarily reflects an earlier than expected decline in iron ore prices since the March 2017 Resources and Energy Quarterly. Export earnings for iron ore have been revised down by $7.2 billion to $65 billion. Export earnings have also been revised down for LNG — by $1.0 billion — largely due to unplanned outages at LNG plants. A downward revision to the iron ore price is also the primary reason for the downward revision in resource and energy export earnings in 2017– 18 and 2018–19. An anticipated delay to the start-up of the Ichthys project (which will produce LNG and condensate), and downward revisions to the oil price outlook (which affects the LNG price outlook) also contributed to the downward revisions in total resources and energy export earnings. Downward revisions to the metallurgical coal and copper price outlooks also contributed to the revisions to export earning in 2017–18 and 2018– 19. Overall, resource and energy export earnings in 2017–18 have been revised down by $13 billion to $202 billion, while export earnings in 2018–19 have been revised down by $8.3 billion to $200 billion
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