Iron ore price, page-9767

Even Atlas management in the HY report just over a month ago forecasted a reduction of the discount from 40% to 23%. See below

Do they still believe this to be the case since last weekend? Below is what CLiff was quoted in the AFR:

Atlas chief executive Cliff Lawrenson said the large discount that had been applied to lower quality iron ore by Chinese buyers had persisted much longer than Atlas had expected and forced the company to look for alternatives​

So the increase in lump production to 54%, the forecasted reduction in discounts, the blend 43 which we were advised was achieving higher prices for the fines and the hedging program were to no avail in the end so soon after a promising presentation in March.