Here are the iron ore charts for January 27, 2015:
Ugly. Six month futures appear destined to break down. 12 month swaps were smashed into the high 50s. Spot has not found a bottom for Qingdao and benchmark was worse losing 60 cents to $62.80. Both look likely to chase OREX into the $50s here. And rebar is out front leading everything into the toilet.
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The AFR shows we’re making progress on sentiment: