I posted before bout FMG products being at multi year highs right now at Portside level.
This also applies to the Portside index v seaborne index for the 62% and 65% grades.
Portside is well ahead of seaborne. Generally it lags behind seaborne. The divergence between the two is as big as it has been in the last year. Actually in mid Dec it was large and then seaborne bounced back and moved north in tandem with Portside.
While the Dalian may move based on increased transaction costs etc, it is completely irrelevant at Portside level.
Iron ore price, page-14515
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