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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: Valuepro who wrote (168797)7/9/2009 10:31:43 AM
From: Valuepro  Read Replies (2) | Respond to of 312518
 
"...and a sign that the Chinese will be paying higher prices in their long term supply contracts starting the first of the year."

For those who may have missed the news, China agreed to accept less of a reduced price from the iron ore cartel than they had been demanding, but only for the six month expiring at the end of this year. They saved face by doing this, but appear to have locked themselves into paying even higher prices effective January 1.


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