there is no doubt there has been a surge in imports from China.
my concern is how sustainable are these imports especially at these prices. The result of the surge was from Chinese stimulus measures, which are designed to make developers complete properties that were already promised(not to force ongoing growth in the property sector). Hence this is a hell of a lot of demand of IO brought forward, not a good sign moving forward.
once these properties are built, will these developers be self sustaining? Or are their balance sheets so bad that they will constantly be relying on the government to bail out the industry.. you can be the judge of that. Most people on here won’t listen to anything I say anyway
Iron ore price, page-48929
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