FMG 3.61% $20.10 fortescue ltd

Iron ore price, page-2592

  1. 3,123 Posts.
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    Thank goodness you are done talking about yourself, let's get the thread back to talk about IO Price and related things.

    You might want to block this because it's NOT FACTS and it's purely RAMPING according to you:

    Forward Spot Contract for 23/8/2017:
    - FMG 58.3% US$58.05/dmt CFR Qingdao down US$1.30
    - FMG 56.7% US$48.55/dmt CFR Qingdao down US$1.30
    - Yandi Fines (BHP) US$63.05/dmt CFR Qingdao down US$1.30
    - Robe Valley Fines (RIO) US$58.15/dmt CFR Qingdao down US$1.30
    - PB Fines 61% (RIO) US$75.65/dmt CFR Qingdao down US$1.70

    Overall:
    - Australian 62% IO Benchmark Price is US$76.90 down US$1.70
    - Australian 58% IO Benchmark Price is US$64.00 down US$1.30

    Forward spot market price are down from previous day, but traders are no hurry to move IO inventory. Therefore there were less available IOs to buy. Overall the volume was satisfactory yesterday.

    DYOR.

    Frank.
 
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