Here’s the latest iron ore price charts for January 12, 2018:
Ore is quite on a tear, up nearly 35% from its lows and meeting the August 2017 high. The Tianjin price was also up, now at $79.35 per tonne.
The Port Hedland authority is still clearing out ships as Cyclone Joyce intensifies, but as the below chart shows we’re in a a classic late cycle blowoff and seasonal restock as expected.
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