SDL sundance resources limited
Add to My Watchlist 0.00% ! 0.6¢

haemitite, IO price negotiations used to happen once a year, now...

  1. Matt747
    10,494 Posts.
    clock Created with Sketch.
    28/12/12
    15:19
    Post #: 11232274
    haemitite, IO price negotiations used to happen once a year, now it happens on a daily basis.

    It was the Chinese who turned the capsizes around by reneging on settling on the shipments (based on benchmark price) during the GFC that led the Big3 tossing out the system out the window and ending up what we have now.

    The Chinese have NO SAY so long as they have the demand and they don't control the supply.

    The hedge funds KNOW that.
    SDL Price at posting: 32.0¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

  2. Top Stories

 

Featured News

NEWS Blue Moon first wedge hole intersects 543g/t gold over 1.2m in laminated quartz vein
right-arrow Created with Sketch.
NEWS Significant gold intercepts below Samat and Sorowar pits in resource drilling update
right-arrow Created with Sketch.
NEWS La Negra delivers growth with exceptional silver equivalent drill results
right-arrow Created with Sketch.
NEWS Exploration drilling confirms large gold system at Abercromby Gold Project
right-arrow Created with Sketch.
NEWS Trump just dropped a 200% tariff bomb. Here's how to cash in
right-arrow Created with Sketch.
NEWS Mandalay Resources Discovers High-Grade Skarn and Provides Update on Near Mine Exploration at Björkdal
right-arrow Created with Sketch.
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
Add to My Watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.