The average price for iron ore for the whole quarter was $US47.50 for 62% grade Fe. They only got .70c more for 65.9% grade. I think KML is getting screwed. Ansteel doesn't care how low the price is as they then make more money on selling the steel.
Iron was down to $US39.30 on 14 January. The daily prices for 62% FE are as follows:
Column 1
Column 2
0
4/01/2016
$42.90
1
5/01/2016
$43.10
2
6/01/2016
$42.10
3
7/01/2016
$41.90
4
8/01/2016
$41.70
5
11/01/2016
$41.50
6
12/01/2016
$40.90
7
13/01/2016
$40.00
8
14/01/2016
$39.30
9
15/01/2016
$39.60
10
18/01/2016
$40.20
11
19/01/2016
$41.90
12
20/01/2016
$42.10
13
21/01/2016
$41.10
14
22/01/2016
$40.50
15
25/01/2016
$41.30
16
27/01/2016
$40.80
17
28/01/2016
$41.30
18
29/01/2016
$41.50
19
1/02/2016
$41.50
20
2/02/2016
$42.50
21
3/02/2016
$43.10
22
4/02/2016
$44.00
23
5/02/2016
$44.70
24
8/02/2016
$44.70
25
9/02/2016
$44.70
26
10/02/2016
$44.70
27
11/02/2016
$44.50
28
12/02/2016
$44.50
29
15/02/2016
$43.20
30
16/02/2016
$45.60
31
17/02/2016
$46.10
32
18/02/2016
$45.80
33
19/02/2016
$46.50
34
22/02/2016
$47.00
35
23/02/2016
$50.30
36
24/02/2016
$50.50
37
25/02/2016
$50.20
38
26/02/2016
$49.20
39
29/02/2016
$49.00
40
1/03/2016
$48.90
41
2/03/2016
$50.40
42
3/03/2016
$51.60
43
4/03/2016
$51.70
44
7/03/2016
$52.40
45
8/03/2016
$62.60
46
9/03/2016
$63.30
47
10/03/2016
$59.60
48
11/03/2016
$57.40
49
14/03/2016
$56.10
50
15/03/2016
$55.50
51
16/03/2016
$51.70
52
17/03/2016
$52.50
53
18/03/2016
$55.40
54
21/03/2016
$56.30
55
22/03/2016
$58.00
56
23/03/2016
$57.90
57
24/03/2016
$57.30
58
29/03/2016
$55.20
59
30/03/2016
$54.70
60
31/03/2016
$53.20
It only got above $US60 on 20 April.
It depends upon which day they sell it.
GBG Price at posting:
2.2¢ Sentiment: Hold Disclosure: Held
