" holding onto their cargos on expectation of higher prices," one iron ore trader in Shanghai said. One 165,000 tonne-cargo..."
Reminds me of oil companies during GFC leasing oil tankers just to hold oil and not sell it when it was $35 a barrel.
Good enough strategy for them, good enough for me. I bought all the Oil ETF and related equities I could afford. :-)
Kat..
