yurt...the bulls would hope its much better than $51, $51 was Novembers figure, it should be much lower now, thats what the market is unsure about.
I know bunker fuel is down $1.50/t, diesel about 30c, so that CFR cost would most likely drop from $12 to $10, Have they improved C1 since Nov ???
AF thinks we have nothing to worry about, they've done their sums on much lower Fe prices
Andrew Forrest
iron ore price, page-1406
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