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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Snowshoe who wrote (72083)	1/18/2010 4:42:07 AM
From: elmatador	Read Replies (1) \| Respond to of 74559

if you want to drink on Elmat's fountain of wisdom, you must go to my thread. There is a limit on what I can do to help this desert of ideas.

To: Snowshoe who wrote (72083)	1/18/2010 2:16:01 PM
From: Snowshoe	Read Replies (2) \| Respond to of 74559

Big jump tipped in iron ore prices heraldsun.com.au Goldman Sachs JBWere analysts now expect a 35 per cent rise in contract prices for iron ore fines, up from their earlier forecast of a 20 per cent rise. They expect the price of iron ore lump will rise 40 per cent, up from an initial forecast of 25 per cent. Analysts Malcolm Southwood and Paul Gray said the seaborne market for iron ore was "genuinely tight" and steel prices were now rising in all major regions. While the recent rapid rise in spot iron ore prices had "no doubt been exacerbated by panic buying", the analysts said underlying supply and demand fundamentals indicated a supply-constrained market in 2010 and possibly 2011. They forecast record growth in the global seaborne trade of iron ore, driven by continued growth in Chinese imports "together with a strong recovery in demand from all other major importers".