pesquero claimed ore price dropped from 110 to 80
Post# of 8059
Posted On: 07/07/2015 9:52:08 AM
pesquero claimed ore price dropped from 110 to 80 during the Ilia transit to China and apparently was claiming they were paid solely based on price at time of landing in China [I've never heard of any iron seller taking all the risk of price change this way-that would imo be crazy]
he also said part of this was Bao discount due to low iron and high sulpher? Which again contradicts all previous non basher info/ modality we've had- but again that would be normally be known before ship sailed and thus part of the usual price set BEFORE sailing-absent any averaging of spot at time of sailing and landing.
couldnt get a better chart to appear but there is nothing in the historical record to indicate price could've dropped more than ca 10/ton during the usual ca 22 day Ilia transit time.
Is Brad saying he paid Bob for the Ilia ore- something I've never heard of- I've understood the lawsuit against port was not won until AFTER Bob sold- otherwise Bob would not have had to sell for financial reasons.
And you're saying Brad paid Bob for Ilia ore- this violates everything i understand- Ilia contract could not even be made until port lawsuit was won- AFTER Bob sold-
and at a price set at time of sailing- and that Brad got paid by Bao at a price extant when Ilia landed in China??/
because that would violate everything I've heard or understand and common sense.
I'm well aware co's often AVERAGE price at time of sailing and landing- but such differential as per historical sources could not have been much more than 10/ton.
We all know Chinese are very exacting and from what we've seen before in pics and dd test ore at dock before ship even sails- we've seen pics of Chinese -apparently Bao- doing so at the port - so ore percentages should've been known to both parties BEFORE sailing- this is also common sense. No Seller would trust buyer to set % in China to my knowledge anymore than forget to get DLC/escrow for payment . So ore % would be known by both parties before sailing.
So difference should've not been much more than 10/ton.
Price didnt reach below 100 for some time and 80 for a LONG time after Ilia landed as per historical sources.
he also said part of this was Bao discount due to low iron and high sulpher? Which again contradicts all previous non basher info/ modality we've had- but again that would be normally be known before ship sailed and thus part of the usual price set BEFORE sailing-absent any averaging of spot at time of sailing and landing.
couldnt get a better chart to appear but there is nothing in the historical record to indicate price could've dropped more than ca 10/ton during the usual ca 22 day Ilia transit time.
Is Brad saying he paid Bob for the Ilia ore- something I've never heard of- I've understood the lawsuit against port was not won until AFTER Bob sold- otherwise Bob would not have had to sell for financial reasons.
And you're saying Brad paid Bob for Ilia ore- this violates everything i understand- Ilia contract could not even be made until port lawsuit was won- AFTER Bob sold-
and at a price set at time of sailing- and that Brad got paid by Bao at a price extant when Ilia landed in China??/
because that would violate everything I've heard or understand and common sense.
I'm well aware co's often AVERAGE price at time of sailing and landing- but such differential as per historical sources could not have been much more than 10/ton.
We all know Chinese are very exacting and from what we've seen before in pics and dd test ore at dock before ship even sails- we've seen pics of Chinese -apparently Bao- doing so at the port - so ore percentages should've been known to both parties BEFORE sailing- this is also common sense. No Seller would trust buyer to set % in China to my knowledge anymore than forget to get DLC/escrow for payment . So ore % would be known by both parties before sailing.
So difference should've not been much more than 10/ton.
Price didnt reach below 100 for some time and 80 for a LONG time after Ilia landed as per historical sources.
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