imo, one thing is for sure, once jan is over and restocking in china occurs, i/o price will go up as will the current s/p. quarterlies and potential restocking soon after bodes well.
and this snippet from reuters -
BRASILIA – The fundamentals of the Chinese economy remain solid and the recent drop in iron-ore prices is temporary, Murilo Ferreira, CEO of Vale, the world's largest iron-ore miner, said on Tuesday.
1 week, page-4
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