Spot Price Iron Ore $174.32, page-2

China reports that they will slow demand next year are blatant attempts at jawboning the price down

they’ve got a lot more building to do, and there are other developing countries who need it too - and Australia is the supplier

meanwhile they’re coercing the republic of Congo into ripping mining rights off Australian owned companies, trying to find alternative supply

the arrogance over the trade war quite frankly shot themselves in the face, they need our IO whether they like it or not. FEX is clearly way undervalued at a much lower IO price than this.

wouldn’t surprise me to see Chinese parties buying up stocks like FEX trying to mitigate the risk.