"China's iron ore imports are expected to have dropped to around 50 million tonnes in August.......expect a bigger drop to about 30 million tonnes from September onwards....."
ps- Trillion dollar bet: cyclical or structural;Cyclical:China demand backs to above 70 million MT per month SOOOOOOOON; or Structural: below 35 million MT per month,for years.......and with price hovering between $75 to $85 per MT ...... OOOOUUUUUUCCCCCHHHHHH ...... and BIG demand for Vaseline is definitely in order for everyone in the industry,100% chance likely!!!!
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.