Iron ore pricing
Guys thanks for you information it helps to make sense of a complex market My question is around how you quote the price and movement of Iron Ore each day it has always irked me a little as I feel accuracy matters but your reporting does not seem to add up to me - this week Monday to Friday you reported the following iron ore prices and movements 105 +0.75%, 105.98 +0.8%, 106.2 +0.4%, 106.2 Flat (is this 0.0%?), 102.6 -0.7% from a maths perspective none of this works - if you go by price the changes are from Tuesday 0.93%, 0.2%, 0.3% and 3.7% if you go by the movement shown even taking in some rounding error you end up with crazy numbers - so my question is what is correct and why is there no consistency - thanks very much
