The status quo, in which the annual pricing system remained intact, drew 37.7% of the vote. (As we now know, the status quo has been blown apart, and there's almost certainly no way to go back.)
Those survey takers who selected this option agree with the likes of Dahlman Rose shipping analyst Omar Nokta, who has argued that the longer the duration of iron-ore pricing arrangements, the better it is for bulk cargo demand.
It's not surprising, then, that a clear minority of poll participants -- about 14.3% -- chose the pure spot market as their iron-ore pricing regime of choice.
-- Written by Scott Eden in New York