Hi YH, Metal Bulletin 62% fe IO price jumped by $2.63 to $87.92 yesterday.
Dalian I1905 closed last night at 643.50 +27 +4.38%
Like I said yesterday morning, Dalian was to explode in night session.
IO price of $90 is coming and is not on the back of the hype of the Vale accident.
Get ready for some serious short covering next week.
All this is very easy to predict. The hard part is arriving at the precise figure of $83+ as the floor before the Spring construction season restocking.
Good luck.
Iron ore price, page-10663
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