Iron ore price update (Roy Hill hope)

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by Chris Becker

Its steady as she goes (down?) Captain on the SS Iron Ore with no change in spot price but a small uptick in 12 month swaps:
prices

spotswap

This follows BREEs downgrade in forecast prices yesterday and news from Captain Obvious that the Roy Hill mega-debt deal from earlier this year would have had almost no chance to go through on today’s prices.

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