FMG 0.11% $18.14 fortescue ltd

nev power expects io to rebound over $120 soon, page-3

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    12.03pm: UBS expert Glyn Lawcock expects the iron ore price could continue falling for some time yet.

    “Now that it has broken through $US100 per tonne, traders I speak to think the price could get a 7 in front of it,’’ he says. “We may not see a pick-up in demand until after the holiday season in October which means the iron ore price just drifts until then.’’

    Read more: http://www.theage.com.au/business/markets-live/markets-live-fairfax-shares-dive-20120824-24pwl.html#ixzz24QSJBUca
 
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