and just a reminder as to reality in the real world.
Port Hedland Ships Record Iron Ore in May as China Boosts Demand
By Phoebe Sedgman - Jun 5, 2013 2:26 PM ET
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Iron ore shipments from Australia’s Port Hedland, the world’s biggest bulk terminal, climbed to a record last month as China’s purchases rose to an all-time high.
Exports totaled 27.9 million metric tons compared with 26 million tons in April, data on the Port Hedland Port Authority’s website showed. Shipments to China climbed to 23.3 million tons in May from 19.3 million tons a month earlier.
Iron ore dropped into a bear market last month, retreating from a 16-month high in February, on concern that slowing growth in China would curb demand in the largest buyer. The decline offered an excellent buying opportunity as Chinese mills will need to restock, Morgan Stanley said on May 30. The price rallied 4.2 percent yesterday, the biggest gain since October.
and just a reminder as to reality in the real world. Port...
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