Whilst the spot price has reduced somewhat to what should be...

Whilst the spot price has reduced somewhat to what should be considered more realistic prices, the slide in the AUD$ should give some boost to TTY income.

You'll note the current price of "62.5% Indian iron ore was offered at CNY 1000 per tonne at Tianjin Port "
CNY 1000 per ton is US$146 and now AUD$227.

"Prices for steel and iron ore to drop further - MOC
According to Ministry of Commerce prices for steel products and iron ore in domestic market have slumped, and are expected to drop further in a short term. Industry insiders forecast iron ore price is likely to return to a rational level.

Statistics from MOC show average price of iron ore in September end fell 12.4% from August to CNY 1200 per tonne. Prices in Hebei's Tangshan and Liaoning's Chaoyang lost 11.3% and 15.2% respectively from a month earlier. Besides, diving freight rates knock down iron ore price at ports. 62.5% Indian iron ore was offered at CNY 1000 per tonne at Tianjin Port on September 26th down 23.1% compared with August end."