Singapore 12 month swaps fell 2 cents yesterday to $58.67 and Qingdao iron ore ore rose 63 cents to $64.01:
In news, the majors are suddenly talking themselves down. Sam Walsh’s RIO is rightly scathing of the Glencore “fantasy” bid (though I wonder why it says so give the support it offers his share price), from The Australian:
“Part of the reason is value but part of the reason is the anti-trust and people who collect tax and what have you, they’re simply not going to let it happen,” he said.
