CIA champion iron limited

Iron ore down but not ours!

  1. 2,207 Posts.
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    Headlines:  

    USA - China tariff war!
    Shanghai index down!
    Commodities take a hit!

    Now for the news that really matters to CIA:

    China shutting down unprofitable mines thus increasing seaborne imports & the extension of their anti-pollution program to 82 cities.

    https://www.*.com.au/iron-ore-price-trump-tariff-china-2018-7

    65% Fe steady at US$91.60/t CFR China

    66% Fe still at US$97 approx (now around US$34 above the 62% benchmark)

    .
 
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