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iron ore price going forward

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    Goldman Sachs in today's daily report stands firm with its prediction of only a 30% fall in IO bulk rates for 2009, it downgraded a series of other commodities again. GS say 2009 to be down in volume but 2010 seeing a rebound at rates slower than the last 5 years. Its preferred bulk is IO seeing stabalisation occuring now in spot markets.
 
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