Finally the real story which i questioned a certain poster on here few weeks back and never got a response yet still uses this excuse, plain garbage.
Thanks Nev, off course if the chinese cut say 30mil production the port stocks instead of the historical 80-110mil tonnes will be 130mt the new norm. Ohh lets sell, port stock are at 130mt ohlala blah blah blah....lol (hehe)
"Imported iron ore to China will continue at the levels we are seeing now, or perhaps even grow as we go forward," said Power, when asked about the data during a media call on Fortescue's quarterly production.
Iron ore price, page-616
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