FMG 1.72% $22.48 fortescue ltd

Iron ore price, page-32350

  1. 141 Posts.
    lightbulb Created with Sketch. 48
    Good try but poor effort. DYOR.

    Quite frankly, it could be anything like China has prepared enough domestic IO mining capacity all ready to be unleashed to displace say 250MTA of Pilbara imports right off the bat.

    Use your head, what's the point of huff and puff bluster and rhetoric but without any ability to follow through.

    Study the fundamentals. Steel prices are weak. Big steel mills are not buying seaborne cargo. Forget about the Dalian. It's all rigged. Dalian can only manipulate the IOP sentiment for ever so long but is useless if physical demand is there. Watch this space. BTW, I am learning Mandarin of sort. Use Google Translate to grab the Chinese characters and use them as search arguments.

    Really got to go. Thanks for the support.


 
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