Here are the iron ore price charts for December 9, 2015:
Tianjin spot was trashed another 1.3% to $38.30. Paper was stable but Dalian was whacked lower last night. Rebar crashed again. So long as rebar falls and port stocks rise this crash will go on and that may mean straight into the $20s, from Bloomberg:
“Prices will go deep into the low $30s next year and go into the $20s in 2017,” Johnson said. “It could happen sooner than our forecast of 2017, that wouldn’t shock us.”