fe price forecast, page-17

Differing views out there.

Price overnight went up again
Iron Ore price = $119.40, +1.0%, 3mth forwards $115.94, -0.8%

Below is an article on the IO bear market which CS has been harping on about over and over!

http://www.bloomberg.com/news/2014-04-09/iron-ore-bear-market-deepens-as-aussie-mines-expand-commodities.html

In any case as mentioned befroe, offtake agreements are in place so supply/demand considerations are neglibile in the short term.

GL

Disclosure: Position
Sentiment : Get the hell over 60 cents!