Subscribe to RSS feedIron ore producers hold key to market’s direction
by
Michelle Wiese Bockmann, London
—
last modified
Nov 27, 2009 09:57 AM
THE IMMEDIATE direction of the capesize market now rests in the hands of iron ore producers, after rates came down to earth with a thud, ending a short-lived spike in the Pacific trading region.
The rates roller-coaster came after a shortage of immediately available vessels saw miners forced to pay 13-month highs for Pacific round voyage rates transporting iron ore from Western Australia to China.
The volatility saw daily rates on this route...
This full article is available to Lloyd's List DCN subscribers only.
If you are already a subscriber, please sign in below.
If you're not a subscriber and would like to experience the full benefits of Lloyd's List DCN with a 14 day trial, please click here.
Alternatively, click here to subscribe.
| Tweet |
