SDL 0.00% 0.6¢ sundance resources limited

chinese grim reaper to spook counters?

  1. 10,494 Posts.
    You may think it's silly to think the chinese would resort to such laughable tactics but these are the same people who threatened a laughable 2 month boycott of BHP, RIO and Vale back in 2010 (they instead actually executed the boycott stunt in September 2012 instead and realize that they have a say on IO price for about 2 months and on low volumes).

    http://en.ce.cn/Industries/iron&steel/201303/26/t20130326_24232414.shtml

    This above link is the blanket media barrage (daily) started by the NDRC on the website and now regurgitated across all chinese media outlets in various forms for good measure.

    This all started with the angry assertion that the Big3 have kept IO price high (despite the record purchases of late last year that took spot price to $160/t.

    Are the Chinese sending a message to Glencore and others that IO investment is bad for their financial well being. Don't buy Sundance.
 
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