ILU already announced its Q2 price increase from $1,250 to $1,410/tn back on the 1st March, so that's already been in the market for several weeks and presumably fully priced into the share price already.
I think the increase today was purely due to the AFR article. I've been wondering all day whether I should have sold my holding today and bought back in next week when the market realises the impact of Rio's Force Majeure is minimal and the prices slides back to where it was a few days ago ?
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