The press has gone FMG hog wild today following yesterday’s Q4 production report but the following from the ABC captures much of the picture nicely:
NEV POWER: Well there’s a wide range of forecasts around where the iron ore price might go. We’re in sort of Chinese new year holiday period at the moment, so it’s traditionally a time of quite soft market, but there’s usually a strong rebound after Chinese new year.
So, I suspect we might see a bit of firming post-Chinese new year.