Here are price and chart updates for the iron ore complex for 7 January 2015:
Spot and swap prices resume their downward fall as rebar slips ever so slightly. Locally, the iron ore seaborne glut rolls on with Port Hedland exports rising in December. Text from the AFR via Bloomberg:
Iron ore cargoes from Australia’s Port Hedland climbed last month to cap a record year as billionaire Gina Rinehart’s Roy Hill project began overseas sales, joining miners shipping greater volumes into a global market that’s facing oversupply and sinking prices.