1. 64 US $ could be a bottom threshold for IO markets,
2. it seems like We are coming close to a new balance for IO markets since under that price cheap Indian and chinese producer can't survive and above that price, buyers try to bargain hard w suppliers...
we could have settle at new levels - saying so those prices are still higher than 2.5 years ago! Iron Ore still seem to have a bright future ' )
Even at 64 US $ UMC is competitive and a good investment.
Do u agree?
UMC Price at posting:
85.0¢ Sentiment: None Disclosure: Held
