GBG appears to have been receiving around $$ 90.00 USD for its high grade for some considerable time now
AUD has been as low as 67 cents in that time
Receiving up to around $ 135- 140 AUD per ton quite good really
China just announced the following -: URBAN RAIL PROJECTS "STEEL/IRON ORE " 860 BILLION yuan
The move in spot markets mirrored similar gains in Chinese steel and bulk commodity futures during Monday’s day session.Having been driven by renewed optimism towards US-Sino trade talks and additional monetary policy stimulus announced by the People’s Bank of China on Friday, the latest burst of buying was helped by news that China’s largest listed steel maker, Baoshan Iron & Steel, will raise prices of some steel products for delivery in March.Additionally, news that China’s National Development and Reform Commission (NDRC) had approved 860 billion yuan worth of urban rail projects since December 5 may have also helped to lift confidence over the outlook for demand.
GBG appears to have been receiving around $$ 90.00 USD for its...
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