Hi ta13
yesterday futures green all day as well as the previous night trading so i was sure we would get an increase in IO overnight, but not to be, anyway we've seen this many times before sentiment/dalian green and IO drops.
I have lost hope in any IO recovery, i believe IO will trade between $55-$65 for the remainder of the year and then head lower from there on in to $50-$60 until the next mining boom if india can replicate china 10 years from now.
The chinese are getting us use to the new norm $60 and even if half the global IO producers are taken out IO still will not rise, The chinese are doing the same as the japanese did to rio and bhp in the 60s & 70s
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Hi ta13 yesterday futures green all day as well as the previous...
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