Subscribe to RSS feedVolatility forecast with end of ore price system
by
Michelle Wiese Bockmann, London
—
last modified
Aug 13, 2009 05:07 PM
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.
The bank has joined a growing number of analysts who believe the contract price-setting system for iron ore is obsolete.
“We expect the annual iron ore benchmark contract system to significantly change over the next few years,” Barclays Capital...
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