Iron ore futures were poised for a third straight weekly rise as prices largely consolidated gains on Friday, with improving demand in top consumer China countering higher portside inventories.The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) recouped earlier losses and closed daytime trade 0.06% higher at 884.5 yuan ($122.07) a metric ton.
unbelievable the underlying commodity that we trade in, is doing ok the last several weeks and our quarterly report was good. So why the hell are we back to yearly lows????????
Unwanted stock. Not good for us as investors in this company.
June quarter predictions, page-18
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