fmg and fe, page-1148

SGX TSI Iron Ore Futures
SGX TSI Iron Ore CFR China (62% FE Fines)
Date 9 May 2017

	Column 1	Column 2	Column 3	Column 4	Column 5	Column 6	Column 7
0	Month	Last	Change Trend	DSP	Previous DSP	Change	PPrevious DSP
1	April FSP	69.97	Up
2	May		Week	60.76	60.83	-0.07	62.37
3	June	60.88		59.95	59.83	+0.12	60.97
4	July	59.97		59.11	58.88	+0.23	59.99
5	August	59.93		58.28	58.02	+0.26	59.13
6	September	58.35		57.48	57.23	+0.25	58.37
7	October			56.79	56.55	+0.24	57.67
8	March 18			54.72	54.37	+0.37	55.45
9
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FSP February $88.07
March $86.84
April. $69.97
Trading on Tuesday had average volumes. Week downward trend early in the day session changed to week upward and continued into the night session.
Over the previous 5 days IO price decreased. Overall loss was approx 12%. FMG shares at 4.75 tested again 6 months low. IO input in directing FMG share price is neutral. Other factors will prevail.
April FSP is 69.97, approximately $17 down from the March average price.
May futures are closest to the spot price (in italics)
MBio 58%Fe is trading at approx $16 discount to 62%Fe

Always believe in large numbers.

SGX MB Iron Ore CFR China (58% FE Fines) Futures
April FSP $59.80
May. DSP $45.08 Prev. Settle Price $45.27