Iron ore price, page-6353

FMG can do without AGO, it‘s a distraction as they move from lower grade IO producer to diversified and Mid grade (~60%) IO producer in coming years.

IO price has been very stable in the past 3 months, so not much for me to post. FMG‘S 58% IO continue to receive good orders and discount is narrowing, but 56% IO continue to receive large discount.

On 1/4/2018, northern port prices were:
- 62% 435 yuan
- 58% 310 yuan
- 56% 285 yuan

On 30/6/2018, northern port prices were:
- 62% 458 yuan
- 58% 347 yuan
- 56% 290 yuan

Platts 62% Monthly Average Price:
- April US$65.27/dmt
- May US$65.95/dmt
- June US$64.80/dmt

DYOR.
Frank.