Iron ore price negotiations - 10pct to 11pct drop likely for Q4
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Friday, 03 Sep 2010
The Beijing News reported that Brazilian miner CVRD confirmed on September 1 that the price of iron ore exports to China in the fourth quarter will be based on the average prices in June, July and August in China’s spot trading market.
Mr Hu Kai, an analyst from umetal.com, estimates that the price of iron ore imports in the fourth quarter may drop 10% to 11%.
(Sourced from capitalvue.com)
