Chinese iron ore imports rise again, higher prices seem unavoidable
Publicado em: 11/01/2010 19:07:00
Sorry China, but it seems that your steelmakers will have to accept a higher price for iron ore. Imports of the commodity jumped 22% in December and reached 62.2 million metric tonnes, 11 million tonnes more than in November. Shipments jumped 80% from a year ago. So now the iron ore miners have even more strength to ask for higher prices when discussing the contracts for 2010.
While is widely regarded prices will jump at least 20%, analysts at Japan's Nomura Holdings believe in a 40%-50% high. What do you think? Share your opinion with us and leave a comment on how much iron ore prices will rise this year.