FMG 0.16% $12.51 fortescue metals group ltd

Iron ore price, page-313

  1. 2,882 Posts.
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    Just gone for a drink, and IO future went vertical... down, I should say which way, oh well.

    China Billet Markets at 3:39pm:

    - Tangshan unchanged.

    Other markets: 6 up and 16 unchanged.

    Kara, just need to say hello every now and then so we know you still around. Rcman said March Q IO price was US$84.82 average, I don't think anyone predicted this 6 months ago, maybe except Blackeye? I think he got suspended, again, thanks to those S. So I have big doubts on $60-$70 as well, we'll see.

    All these good news we just need IO inventory to decrease by 10%, even if IO stay at US$80, it will be a great result.

    DYOR.

    Frank.
 
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