TRADE AND COMMODITIES

by solerm — last modified Aug 13, 2009 05:16 PM

Volatility forecast with end of ore price system: THE 40-year benchmark pricing system that underpins sales of iron ore shipments – a key driver of bulk carrier freight rates –is “not sustainable”, according to investment bank Barclays Capital.
Steel recovery to revive idle coking coal mines: ABOUT 20% of global coking coal capacity idled in late 2008 is expected to come back online over the next year as steel production recovers.
Nasser next to take helm at BHP Billiton
Dry bulk difficulties far from over, says Diana