Iron ore daily price update (FMG whinge)

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Batten Down the Hatches

by Chris Becker

The riots in Hong Kong have added to the market dramas around the world, and on the open yesterday Dalian futures were limit down (-4%) before recovering, but still in the red across the complex (except a blip in rebar) with spot down 1.1%, 12 month swaps down nearly 2%

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The spot and swap chart is still in near free-fall:

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