Pellet Price, page-375

Today and tomorrow are non trading days in China.
Data for the last 5 trading days in USD and on the basis CFR China.
65% Fe Brazil Pellet. 61.5% Fe PB Fine
121.5. 62.5. (4/4/2018)
122.5. 65.1
119.5. 63.1
119.5. 63.1
118.5. 62.1
Umetal.com
Pellets are holding price well. The stockpile of iron ore in Chinese ports reached an all time record- over 162 mln tonnes, most low quality Fines.
I firmed up my opinion that the geology of the mine is dragging SP down. Prospect of collapsing walls and the necessity to mine underground is daunting.

Management behaviour discarages small investors, it appears that they playing some game to further Chinese interest and control.