Yes, it’s true, spooked by more Chinese property tightening, Dalian has crashed -0.01% at the open. I’m not sure why it has bothered. At $80, the iron ore price is so meaningless re fundamentals that it might as well keep running to $1000! BHP is -0.3%, RIO -0.4% FMG at new highs up 2% and WHC 1.2% even though coking coal has sagged -3.3%:
It will burst when ready.
Big Gas has the OPEC jitters with WPL -0.6%, OSH -1.3%, ORG 0.5% and STO -1%:
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