debt debt and more debt vs none, page-18

Yep, indeed the bloomberg index price fell by $2...

And the cause?

Well last night a Vale cargo of 65.67% IOCJ fines 177kt sold on spot for US$107/t

The night before, a Vale cargo of 65.46% IOCJ fines 177kt sold on spot for US$109.11/t

This was the sole transaction that led the index price to fall by $2. Don't get you're knickers in a knot over getting the latest info, you'll be a lucky man to see two transactions to go through in a day. And certainly don't base investment decisions on one transaction that went through at a lower price than yesterday's. We could theoretically organise a transaction at say $150/t for some 62% pilbara fines for tomorrow... and voila the bloomberg index will show up as +$53 to $150....