FMG 1.91% $21.62 fortescue ltd

chinese set iron ore prices up 9.5pct

  1. 960 Posts.
    overnite it was announcedthat CVRD has set the 2007 iron ore prices up 9.5 pct with baosteel-china this is at top end of forecasts again ,and earlier than expected this is bullish for FMG .apparently the chinese are worried about supply of iron ore so settled for 9.5%.
 
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