Iron ore price update: capitulation

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Falling-Sandcastle

by Chris Becker

Your regular iron ore specialist – DLS – took a sweet time to have a break, as the iron ore complex looks like folding in on itself!

Spot iron ore hit a new five year low just below $82, revisiting the September 2012 low and dragging its dead cat bounce into the other markers:
ironoretable22sep

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