Coop Purchasing Groups to negotiate price, only works when there are a large number of suppliers/manufacturers, who are all fighting to sell to the customer/s (demand). Whenever those components are not in play, I am yet to see a buying group that can achieve real value. The iron ore market has high demand with many customers, a low number of suppliers, and constraints on supply. Good luck China!
Iron ore price, page-46406
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Last
$18.28 |
Change
0.310(1.73%) |
Mkt cap ! $55.89B | |||
| Open | High | Low | Value | Volume |
| $18.09 | $18.31 | $18.06 | $42.61M | 2.351M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 6739 | $18.28 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.30 | 8589 | 18 |
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