where are shorters and $50/t cheer squad ??, page-7

Avergage Joe, last year temporary price crash was engineered by the Chinese. It was in fact the IO buyer boycott that CISA threatened back in 2008 but only carried out last year. It blew up in China's face.

I have been saying this on various threads for months.

Look if you don't believe me, China is NOW pleading for lower prices. BHP chief told Premier Li - prices alweady vely Lo).

Considering it wasn't long ago it downramped IO prices like there was no tomorrow with such sensational BS about 50% price drops.

http://www.steelguru.com/raw_material_news/Some_friction_between_China_and_BHP_on_iron_ore_prices/321704.html

......Chinese Premier Mr Li had a private meeting with Mr Andrew Mackenzie CEO of BHP in June and asked directly for lower iron ore prices.

During the meeting, Mr Li side stepped his interpreter and said to Mr Mackenzie that “Lower prices, lower prices.”

Mr Mackenzie said that he reminded the Premier that prices were now at more sustainable levels and were already quite low......


And here, China wreaking havoc on investment sentiments in IO. 50% drop (took RIO's bait big time) It's not even funny !

http://www.chinadaily.com.cn/china/2013-03/07/content_16289418.htm