IMO the big players like BHP are keeping the IO price down...

IMO the big players like BHP are keeping the IO price down trying to take market share from Chinese producers who are seeing all up costs as much as $118pt for some of them, this will allow the Aussie companies to continue to ramp up exports to China. Current supply from China producers is down to around 4% in the last month compared to around 27% back in February.
Might do the rounds of the restaurants in Perth and see who's lunching with KB and DF