Good to see he IO price moving up again. The Chinese can sit on their hands for only a short time as port stocks dcline quickly. As soon as the Chinese start buying again UP goes the IO price.
[Mar 15] Seaborne Iron Ore Daily Comments Mysteel Iron Ore Index increased. Price index of 62% Fe Australian fines was increased by $2.25/dmt to CFR $134/dmt and that of 58% Australian fines increased by $2.5/dmt to CFR $124.5/dmt.
GBG Price at posting:
20.0¢ Sentiment: Buy Disclosure: Held
