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Iron, coal prices to halve as Chinese growth slumps

Posted on 19 January 2009

From Theaustralian.news.com.au: Contract prices for Australia’s iron ore and coking coal exports are forecast to halve. The dour outlook comes from Access Economics, which expects the Australian economy to fall into recession as growth slumps in China.

The crisis and the effects on the domestic economy are expected to deepen as commodity prices fall because of reduced global demand….. Full Article: Source


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VRS - who has written 38538 posts on Opalesque Commodities Briefing.


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