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DewDiligence

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DewDiligence

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Re: go seek post# 6667

Sunday, 03/10/2013 1:41:34 PM

Sunday, March 10, 2013 1:41:34 PM

Post# of 30495
Iron-ore pricing quiz:

Benchmark 62% grade iron-ore edged up 50c to $146.30 /t on Thursday…

Buyers always pay a premium relative to the benchmark price for ore that has >62% Fe content. In the past few months, this premium has fallen from about $10 per 100 basis points of addition Fe content to about $2.50 per 100 basis points of additional Fe content.

Q: Why has the premium for ore with >62% Fe content fallen? (Hint: there are two answers.)

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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