This is insane up to a $136. Here I am waiting for the sept low season to kick before I buy back in....LOL looks like I will be waiting forever, there simply may not be a low season just a more stable price from here on in. One thing is for sure GS forecast are crape.
Spot 63.5% Fe iron ore prices rise to $135-136 per tonne cfr
August 08, 2013 - 10:25 GMT Location: Shanghai
KEYWORDS: Spot 63.5% , iron ore , Global Ore
China’s imported iron ore market continued to gain traction on Thursday August 8 on strong sentiment.
Prices for 63.5% Fe iron ore stood at $135-136 per tonne cfr during the day, up $1-2 per tonne from the previous day. “Market sentiment remained bullish as the futures market is buoyant,” a Shanghai-based trader said. The most-traded January rebar contract on the...
This is insane up to a $136. Here I am waiting for the sept low...
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