Daily iron ore price update (India circles)

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by Chris Becker

Time to get out those erasers at Treasury offices around State and Federal capitals again as the iron ore complex returns to its downwards march. Overnight saw a 2% slump in spot prices with 12 month swaps falling below the $50 level, confirming the dead cat bounce and hopes of a recovery.

Here’s the table and daily charts:

table
dalian ironore rebar

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