Iron Ore Prices Likely To Double in 2010 with Quarterly Pricing System

April 7, 2010 by MyOrbit Advisor · 1 Comment
Filed under: Commodities, iron ore 

The iron ore prices are very likely to double this year with the new Quarterly Pricing System, which will provide more price volatility due to the spot price market. Very interesting update from March 30th is that there is now an agreement between the top iron ore miners like Vale of Brazil and BHP Billiton of Australia and Japanese and Chinese steel companies that the 40-year old iron ore benchmark system which meant that prices will be done once a year has now been done away with and from now onwards iron ore prices will be decided on a quarterly basis and that is basically the starting of iron ore spot price market.

http://dantewada.gov.in/images/nmdc4.jpg Read more

Global Sugar Prices Look Weak And Likely To Fall Further

April 7, 2010 by MyOrbit Advisor · 1 Comment
Filed under: Commodities, Sugar 

The global sugar prices have fallen off a cliff literally in the last few weeks and if you see the five-year chart for sugar prices they have been in a band between US $300.00 and $400.00 for much of the time in last five years. In 2006 the prices did go as high as US $500.00 but they came back by the end of the year and the prices were in a range throughout the duration of 2007, 2008 and early 2009, and then the tremendous price rally happened in sugar prices where prices went as high as US $720-725.00 which was almost double the starting price in the year in 2009.


Read more

Domains For Sale from Prime Generic Domains

http://primegenericdomains.com/images/fpglobe2x.jpgDomain names are the virtual real estate  in the online business, and having quality domains names is a must for successful online businesses.

Prime Generic Domains offers a large collection of top quality domains for sale, to suit almost every business need.

How You Can Benefit:
* buy domains with page rank
* increase traffic to your website
* profit from direct navigation or type-in traffic

For more information, please visit:  http://primegenericdomains.com

Iron Ore Prices Set To Double in 2010-2011

March 24, 2010 by MyOrbit Advisor · 1 Comment
Filed under: Commodities, Steel, iron ore 

According to media reports, major iron ore exporters, including BHP Billiton and Rio Tinto, have reached a preliminary agreement to move away from annual contract pricing to quarterly arrangements.

The short term iron ire pricing contracts would be linked to the iron ore spot price, which would see iron ore prices more than double from the present $US 60 per ton top $US 130 per ton or more.

The Financial Times London reported unknown company executives as confirming the move away from annual pricing agreements. If the new system evolves, it will in fact mirror the quarterly pricing arrangement BHP won earlier this month for coking coal with customers in Japan, Europe and Korea. That saw BHP Billiton win price rises of 55% for hard coking coal, the best quality coal there is for the steel industry.

The FT said in its report that “The miners, including Vale of Brazil and UK-based BHP Billiton and Rio Tinto and steelmakers such as Nippon Steel, JFE, Sumitomo Metals and Kobe still need to resolve significant obstacles to reach a final agreement”. Read more

Obama Signs $938 billion Healthcare Bill

March 23, 2010 by MyOrbit Advisor · 1 Comment
Filed under: Healthcare 

The much debated Us Healthcare bill has been passed and signed by President Obama – marking the the biggest shift in U.S. domestic policy since the 1960s.

This bill will extend coverage to 32 million uninsured Americans and ban such insurance company practices as denying coverage to people with medical problems.

The first changes under the overhaul take effect by the end of September. Other changes would not kick in until 2014. By then, most Americans will for the first time be required to carry health insurance — through an employer, through a government program or by buying it for themselves. Those who refuse will face penalties from the IRS.

Tax credits to help pay for premiums also will start flowing to middle-class working families with incomes up to $88,000 a year, and Medicaid will be expanded to cover more low-income people.

The bill is expected to cut the US federal budget deficits by about $143 billion over a decade.

Next Page »