Anyone else seeing a difference in prices for FE on markets?
Noted that https://au.investing.com/commodities/iron-ore-62-cfr-futures is around 172. so I am guessing they are using Sing X pricing.
I was having banter with a contact in China that runs around a bit in accreditation type work. (ITP inbound and outbound doc's)
Thus consensus was for every $US10 pullback in price is a $US10b in savings in country.
So while the official hype is around environmental targets as usual with China there is more to things than meets the eye.
Delta is kicking as well up there ....
which is a concern on how much shutdown up there might be coming in the coming month or two..
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