Thanks StarPlus. The price of 58% fines is actually $111 according to the China Iron Ore Spot Price Index. It was $156 this time last month and $161 in June.
Does anyone still believe the recent quarterlies that state “quick time to production presents a unique opportunity to capitalise on the current historically high iron ore price” and “Iron ore prices continue to show strength with the outlook for the rest of the calendar year remaining positive”?
VMS Price at posting:
8.3¢ Sentiment: Sell Disclosure: Held
