Here are the iron ore price charts for November 18, 2014:
Paper markets are in full conflagration for steel and iron ore. Physical is capitulating. Qingdao was down 4.4% to $71.80 and benchmark down 4% to $72.10 yesterday. Basically, I think we are pricing the lion’s share of the forthcoming glut right now and it is not over.
Texture from Reuters:
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