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iron ore contract prices will fall 30% , page-4

  1. PhillW
    2,992 Posts.
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    26/02/09
    23:38
    Post #: 4845250
    hoohoogrub,

    Not sure why you think it is 70% above 2007 prices after a 30% cut as the increase was around 85% last year! If you receive a 100% increase one year and lose 50% the next you are back to where you started. If the IO prices drop by 42% then we are back to 2007 prices.
    MMX Price at posting: 53.0¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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