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by Chris Becker
An uptick in 12 month swaps in iron ore was the only bright spot on the complex yesterday, with spot up slightly, Dalian down again plus rebar remaining in freefall:
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The chaps at Citi are still bearish on ore, pushing up their short term forecasts, but firming their sub-$US40 a tonne by end of 2015 call. Texture from The Oz:
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