SP, page-111

I’m assuming most of the production find its way to China so I check the top of Dalian prices. MGX lead the fall ahead of Dalian. It continued falling ahead of Dalian price reversal. Look at FMG and you see the pullback is almost complete on the way of the trend with a close second on RIO. Unfortunately MGX regardless of the forward coatings are not being pulled along by the sector currently but the Dalian priced contrary to the sector.

It is the outlier so those analyzing fundamentals and seeing value are given ample opportunities to accumulate. I tend to be cynical of this divergence naturally and diversified into one of the big boys.