FMG 0.49% $22.59 fortescue ltd

Looks like that burst of physical iron ore buying by China in...

  1. 721 Posts.
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    Looks like that burst of physical iron ore buying by China in August has fizzled out. If so, that would merely be last minute restocking in preparation for the steel production cuts for the next 6 months as already announced. Iron ore price falling into double digit is all but guaranteed.


 
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