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Here are some facts people need to...

  1. 1,296 Posts.
    lightbulb Created with Sketch. 165
    Here are some facts people need to understand
    https://www.*.com.au/shipping-delays-shutdown-at-chinese-port-threatens-send-prices-higher-2021-8 this less than a week old,
    http://english.ningbo.gov.cn/art/2021/8/14/art_931_1104499.html - This helps explain why the iron ore prices have dived.

    A summary - A major port that looks after 700mil ton of Iron ore in 7month so approx 1.2bil a year is shutdown. That means the price of Iron ore dives temporarily, this has nothing to do with AR. Its easy to blame management but this is not their fault, we have to deal with it and when the port opens up expect things to return to normal. People who blame management now won't be praising them when things go well so its best to look at all potential causes instead of going the easy path.
    Last edited by levendful: 18/08/21
 
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