Iron ore prices, yesterday the 12 month swap put on another $1 to end at $113.87 and threatening to breakout

James McKay

Iron ore prices, yesterday the 12 month swap put on another $1 to end at $113.87 and threatening to breakout. Spot was up .50 cents to $133.60. Mid cap producers such as GRR have underperformed in the recent rally (albeit ex div) so could benefit from mean reversion, spot commodity momentum and insto's transitioning from top 3 Iron ore (BHP/RIO/FMG) to a deeper value play?


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