Iron ore price, page-48385

If you're trading like you are, then yes futures & thus market reaction is more important.

But for holders, spot price is a better indication of how much profit FMG makes and how big the next dividend will be.
i agree with Franky that market trend is probably more important than daily movement, but its interesting to know how the whole process works.



I've never heard of COREX before, but its good to see more information.
Interestingly only one single seaborne transaction was recorded, and a very small ship and that (probably not Australian or Brazilian)
I think FMG mostly takes seaborne prices, with existing mill contracts, but out trading arm is probably doing portside i guess.