UMC united minerals corporation nl

china and iron ore, page-33

  1. 716 Posts.
    This could be part of the games being played leading up to price negotiations, but Rio currently have five berths free in Pilbara.

    However, the word is that Chinese customers can't get letters of credit to meet payments for shipments. Boats waiting on harbour.

    Things have potential to get quite ugly for some time before they get better.

    Access to trade credit is potentially proving to be a new front in this financial meltdown.

    BUSH
 
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