Re: Financial topics
Posted: Fri Sep 07, 2012 3:16 pm
Reminder: She has left the stage... Transportation slower, gas, rail, ground.
Other: april 4th 2011 Platts 62 percent iron ore index IODBZ00-PLT stood at $175.50 a tonne, including freight.
62-percent iron ore IODBZ00-PLT to $97.50 per tonne, the lowest since November 2009, based on data from information provider Platts.
In our view, iron ore prices below $100/tonne look oversold, with close to 50 percent of Chinese iron ore supply losing money.
But we are unlikely to see the market bounce back until mine supply starts to wind down in the coming months
Other: april 4th 2011 Platts 62 percent iron ore index IODBZ00-PLT stood at $175.50 a tonne, including freight.
62-percent iron ore IODBZ00-PLT to $97.50 per tonne, the lowest since November 2009, based on data from information provider Platts.
In our view, iron ore prices below $100/tonne look oversold, with close to 50 percent of Chinese iron ore supply losing money.
But we are unlikely to see the market bounce back until mine supply starts to wind down in the coming months