Daily iron ore price update (more to close)

Here is the daily price update for the iron ore/coal complex as at 13th January 2016:

While spot prices slipped a little, the forward end slumped once more with 12 month swaps down 2%, and Dalian futures about to break the 300 level, down 1% for the day:

The mainstream media is all over the “shock” potential closure of Gindalbie Metal’s Karara iron ore site as the share price fell nearly 60% yesterday on the ASX. Texture from Bloomberg: