Yes it is all happening @rurenga ... oh and while I am here a big ongoing thank you for your morning posts of iron ore prices
.... and just look at that 58%fe price ! Big June quarter coming up me thinks !
https://do not advertise external s...eaborne-prices-surge-to-93-per-tonne-cfr.html
03 April, 2019
Physical iron ore prices shot up further above the $90-per-tonne-cfr mark on Wednesday April 3 amid bullish sentiment reflected in derivatives markets.
MB 62% Fe Iron Ore Index: $93.08 per tonne cfr Qingdao, up $3.19 per tonne. MB 62% Fe Pilbara Blend Fines Index: $92.20 per tonne cfr Qingdao, up $3.19 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $95.60 per tonne cfr Qingdao, up $3.46 per tonne. MB 58% Fe Premium Index: $82.56 per tonne cfr Qingdao, up $1.49 per tonne. MB 65% Fe Iron Ore Index: $104.80 per tonne cfr Qingdao, up $2.40 per tonne. MB 62% Fe China Port Price Index: 666 yuan per wet metric tonne (implied 62% Fe China Port Price $90.75 per dry tonne), up 15 yuan per wet metric tonne. Key drivers China’s iron ore futures extended their upward momentum to rise for a fourth consecutive trading day on Wednesday, with the most-liquid May contract even hitting the daily trading limit of 6% in the afternoon.
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