https://www.*.com.au/iron-ore-price-china-yuan-cny-cnh-pboc-steel-2018-7
“The high-grade premium is starting to look overdone against China steel mill margins, so steelmakers might be paying more for high-grade iron ore than the actual value of the additional productivity benefit.”
Oh the aud hit its year low before closing at 0.735. Avg during June was 0.749