The iron ore price on the Dalian site is the highest it has been in three weeks at 482 for the May 2015 price. The figure is in yuan and I am not sure how it converts into US dollars per ton but it is reasonably live and seems consistent. When it goes up on Dalian during the day, iron ore is usually announced as being higher the next day in the official figures.
http://www.dce.com.cn/portal/cate?cid=1114494099100
The price has been quite consistent over that time with a low of 468 and the current high of 482 so it is up 3% from the lowest point during that period. With our Aussie dollar continuing to fall, this is a good sign for our iron ore stocks. It is time we had a bit of good news.
GPASAS
The iron ore price on the Dalian site is the highest it has been...
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