GBG gindalbie metals ltd

future io price, page-7

  1. 2,986 Posts.
    Very risky game this shorting of Fe stocks IMHO, I see the spot price for China import Iron Ore Fines 62% Fe spot (CFR Tianjin port) USD/metric tonne is $US143.00. This provides a pretty attractive profit margin for Fe stocks & with continued restrictions & problems for Indian & Chinese producers, Aussie supplies are going to be in demand for some time to come. Vale thought they were being cleaver by shipping in mega ships, only to find China bans their entry to Chinese ports. Africa shows promise but is way down the time horizon & again WA is a lot closer to China.
 
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