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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (29707)	2/21/2008 5:25:25 PM
From: TobagoJack	Read Replies (1) \| Respond to of 217576

it might not be the iron ore issue it is probably is the fact that coal supply has dried up all across asia due to (i) effective stoppage of china coal export (2 of three companies no longer export, and last one is at half volume and may go to zero due to lack of export quota starting in march) (ii) australia mines flooded and ports congested, causing cost of shipping and waiting to zoom - port congestion did not matter in the good old days when coal was $ 30/ton and ship charter was $10k a day, but does matter when coal at $95/ton, and ship charter at $85k/day (nov, now shipping cost collapsed but rebounding) (iii) south africa going dark (iv) india got cut off by china (v) japan got cut off by china