iron ore & china, page-33

Not many commentators/analysts talking about the future of Chinese mines. They're in the process of cutting back on mine production, I'll hazard a guess and say that for CY2013 they'll cut production by about 15% or remove about 200mt of domestic supply.

"I'm tipping $145/t for the spot price this week as a likely meeting point."

Turned out to be a good stab :) Now that domestic, port and spot prices are aligned, we could start seeing the market rebound from here.