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Commodities Briefing - Categorized | Market Moves, Trading more

China to rely on more commodities imports

Posted on 11 October 2011

The iron ore bull market is likely to draw to a close in 2015 when high-cost Chinese production is displaced by cheaper imports, Wood Mackenzie’s principal iron ore market analyst Paul Gray said yesterday at an iron ore conference in Stockholm.
“By 2015, most ultra-high cost Chinese domestic ore should be displaced by lower-cost seaborne imports,” Mr Gray said……………………………………….Full Article: Source


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