Dr Andy Xie, renowned Chinese economist, considers that the China iron ore import number does not show real demand strength. Here is his recent interview with Bloomberg. “It’s totally wrong to just look at the China import number to measure demand strength — a lot of people were talking about that, I saw — that’s […]
Tag Archives: iron ore
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Andy Xie predicts that iron ore will slump into the $30s a metric ton this year as low-cost supplies rise and steel demand in China shrinks. “When it peaked at $190, I started talking about a collapse and nobody believed me,” Shanghai-based Xie, a former Asia-Pacific chief economist at Morgan Stanley, said in a phone […]
Andy Xie, renowned Chinese economist, shared his insights on Australian iron ore market in an interview done by Will Glasgow and Ayesha de Kretser for The Australian Financial Review. Andy forecasts that prices for the iron ore commodity will drop from $US150 a tonne to below $US60 a tonne, and that is because of China’s plan […]
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