Here another reasons why FMS could be breaking out:
http://www.businessspectator.com.au/bs.nsf/Article/Iron-Ore-Offers-top-180T-on-Chinese-demand-CT8A9?OpenDocument&src=hp25
"Ports in Australia's Pilbara iron ore belt shipped an average 1.05 million tonnes a day in 2010, representing 38 per cent of global supply, "hence any prolonged closure or storm damage could potentially have a significant impact on seaborne supply," Macquarie Securities said in a recent note."
Imagine this guys, this catastrophic flood in queensland may last for a few weeks more, and there is also the clean up with a couple more months to add on top of that. We may see some big players in china starting to sign up some agreement about buying up more iron ore with this emerging company FMS!
Anyway, just a thought.
Here another reasons why FMS could be breaking...
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