merrills 2 bucks worth, page-21

Hi Turville

"Chinese demand is falling quite rapidly - they can now buy Indian ore inclusive of freight costs in the spot market at the same or lower than the contract prices for Australian ore ( i do not know how the grades compare nonetheless). China is definitely pulling back on development - property prices are falling and there is an abundance of steel. Pretty simple really-demand & supply currently out of whack."

Demand falling a touch to be sure but temporary.
China HATES dealing with india ..trust me on that and india distrusts china hence the levy on IO exports they whacked on. Also Indian ore is garbage compared to what they get from us.Dont count on too much happening between those 2 countries as they cannot buy whole tenements of top grade ore as they can here in friendly OZ.

I go to China every year and have about 20 msn Chinese buiness contacts who all tell me things are still busy in the construction game.
Did you forget about the rebuilding of the earthquake damaged provinces.

You guys got me thinking about the bamboo now even thought of a company name "Bamboz".
North queensland perfect growing area, we can chuck it in the same ships as the ore that goes to China.
Im on it!