the ore price has been hanging around the high 40's since the end of the Lunar New Year.
Problem is most analysts don't believe it hold this level.
Market needs to focus on the lpg price. New fields in Queensland come on stream throughout 2016.
First consignment to Japant from the $US24.7 billion APLNG project was made in January.
Queensland government indicated exports are projected to hit $15 billion by 2016-17.
By 2020 Australia will be the largest exporter of natural gas overtaking Qatar.
London Chip 00:59:22 GMT - 02/29/2016
syd ..better than the 40 it was sitting at in dec .... marginal cost of mining at 35 dollars ...i recon low is in place ! otherwise aussie in for a shocker ...
Mtl JP 22:22:34 GMT - 02/28/2016
and the aud trade point is ____
tia
Sydney ACC 22:14:13 GMT - 02/28/2016
Iron ore lost 0.4% to close at USD 49.00 a tonne in the most recent session.
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