Just gone for a drink, and IO future went vertical... down, I should say which way, oh well.
China Billet Markets at 3:39pm:
- Tangshan unchanged.
Other markets: 6 up and 16 unchanged.
Kara, just need to say hello every now and then so we know you still around. Rcman said March Q IO price was US$84.82 average, I don't think anyone predicted this 6 months ago, maybe except Blackeye? I think he got suspended, again, thanks to those S. So I have big doubts on $60-$70 as well, we'll see.
All these good news we just need IO inventory to decrease by 10%, even if IO stay at US$80, it will be a great result.
DYOR.
Frank.
Iron ore price, page-313
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