SDL 0.00% 0.6¢ sundance resources limited

iron ore pricing

  1. 878 Posts.
    lightbulb Created with Sketch. 275
    To add further heres an article released today regarding the price of the commodity. Yes share prices are rising but so is the commodity that we use to value the companies by.
    Not only wil producers be dragged higher by the current round of negotiations the speculative end which SDL are currently part of will benefit also.

    "DJ MARKET TALK: China To Drive 25% Iron Ore Hike -Credit Suisse

    0252 GMT [Dow Jones] Strong demand from Chinese steel mills set to drive a further 25% increase in contract iron ore prices in upcoming negotiations, Credit Suisse says. CS ups forecast to a 25% rise from previous forecast of 10% rise, says prices set to stay high in coming years with no fall until 2013. "China continues to surprise with iron ore imports up 21.4% (on year), well above consensus estimates, and it is a clear evidence of the strong demand," CS says. Notes expansions by 3 major producers, CVRD (RIO), Rio Tinto (RIO.AU) and BHP Billiton (BHP.AU), are a response to current market tightness but also signal anticipation of continued growth in global iron ore demand. (APW) "

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.