"Wrong" information is a dangerous tool... it can make you rich or poor very quickly.
If you look at March shipping data for Vale's Guaiba and CPBS ternimals. Guaiba is average 0.0352MT per day in March this year, compares to 0.111MT per day in March last year, that is 28.76MT effected this year alone. At CPBS Port, nothing for March so far, NIL, that is 17.04MT effected this year. Combine 45.8MT from these 2 ports.
At Vale's PDM ternimal, since the January incident, Vale's ramped up the shipment at PDM Port, but in March, average shipment is 0.285MT, down from February and January.
Saying everything will be normal at Vale in 30 days? I just have to say lucky I bought back my shares yesterday, wait, it's not luck.
DYOR
Frank
Iron ore price, page-11111
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