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Aussie battlers lining Chinese pockets over !, page-4

  1. Matt747
    10,494 Posts.
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    09/12/14
    11:29
    Post #: 14431669
    Klob, it means Rio, BHP, Vale and FMG will soon (if not already) pull cargo from the market.

    The Chinese are deliberately de-stocking (Nov export from Port Hedland fell. Oct & Nov Brazilian export fell significantly) looks like co-inciding with a pull back of supply by the Big3.

    Think China wants to IO price to stay low (as IO inventory depletes) until CNY for some purpose
    SDL Price at posting: 3.8¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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