Here is the price update for the iron ore complex for 8 January 2016:
Spot and swaps are starting to clawback the gains made in the post Christmas rally, with Dalian futures slumping alongside other risk assets during the Chinese stock market rout. Rebar too is moderating but remains in terminal decline.
Meanwhile cognitive dissonance is alive and well in the Australian supply market, with Gina Rinehart’s Roy Hill project covering their ears to the world around them. From E&MJ: