Iron ore price, page-7565

Below is the best I could find for 58 FE pricing which is feb contract on SGX..

Would it be safe to say literally from 1 jan (new qtr) the price has jumped about $10-$12 tonne from the December qtr Numbers?

If some recent articles in AFR are around the place are to be believed there has also been a small tightening in the discount gap.

The jan quarterly if I/o stabilises looks to be in the order of $25mi.

I predict it would increase to about $80 on the higher grade so perhaps another 10% improvement in the short term.

Plus the stock left at port another $6mill, now looking to be 20% more valuable at $7.5mill.

So all going well and we’re almost half way through the jan qtr and the numbers are below are in $30-$35 mill looks possible, if not more than likely?