A gde incognita Assuntos Gerais Malandro em 30/10/14 17:37 The Resilient Chinese Domestic Production - Iron OreWhile domestic production is widely tracked by the market, accurate cash cost data on Chinese domestic production remain unavailable.Previous price drops suggest an inflexion point close to US$ 110/t but this theory was clearly dismissed after recent price changes. The decrease seems inevitable but producers will remain the market for longer, as in our view:Subsidies: are in place, possibly including lower taxes and energy costsTechnical constraints, Opportunity costs, Human factor.
