Article from: http://www.businessweek.com/news/2013-05-22/iron-ore-seen-extending-decline-as-china-steel-mills-shut-down
By: Isaac Arnsdorf
Iron ore will fall another 8 percent in the next several months as steel mills in China, the biggest importer, shut down because of maintenance, power rationing and squeezed profits, according to Deutsche Bank AG.
Prices may fall about $10 a dry metric ton in the next couple of months, analysts led by Xiao Fu and Daniel Brebner said in an e-mailed report today. Ore with 62 percent iron content at the port of Tianjin, a global benchmark, tumbled 22 percent to $123.60 a ton from a 16-month high on Feb. 20, according to The Steel Index Ltd.
Steel prices that have been pressuring Chinese mills are stabilizing as facilities shut down due to power shortages in Hebei province, and more will close for routine maintenance and to draw down surplus steel inventories, Deutsche Bank said. Iron ore rose yesterday for the first time in nine sessions as an Australian cargo topped expectations, according to the report.
“There remains some life in the market yet despite the operating pressures facing Chinese steel mills,” Deutsche Bank said in the report. “We expect that more shutdowns will occur over the near-term, ostensibly for refurbishment. However, we believe that the market needs to be rebalanced and excess steel drawn down from inventory.”
June swaps slid 0.8 percent to $122 a ton as of 10:17 a.m. in London, according to SSY Futures Ltd., a broker.
Choices, in order of preference, for chronic therapy include diltiazem 1 4 mg kg PO TID, often high doses are needed, atenolol 1 2 mg kg PO BID and sotalol 1 3 mg kg PO BID online generic cialis
doxycycline 50 mg cost
bactrim 250 mg
allopurinol 20 mg
amoxil 500 mg brand
lyrica 750
price of augmentin 625
online pharmacy cheap cialis
zoloft 20
doxycycline canada price
how much is effexor
desyrel tablet 100 mg
extra super avana
gabapentin 800 mg cost
amoxicillin 500 mg prescription
cheap 60 mg levitra
propecia 5mg uk
suhagra 25 mg buy online india
clonidine 0.1 mg oral tablets
azithromycin online india
gabapentin canada over the counter
zoloft for sale
paxil 25mg
effexor 35mg
cost of accutane canada