FMG 2.89% $20.68 fortescue ltd

china scraps iron ore import licensing system, page-2

  1. 6,851 Posts.
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    The good news is they are down to 20 day inventory. I read this week that 14 days is critically low, and some mills will not be able to de-stock much more longer....4 weeks tops...then up we go. Other are already starting to restock. It will not be much of a lift. But it signals a easing of pressure on the downside of the IO spot price.
 
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