Here are the iron ore charts for January 4, 2016:
As you can see we’ve had a big jump since last reporting before Christmas – but its much ado about nothing. “Going up ten sessions in a row” or a rise of 14% or so in spot prices is nothing compared to the slump throughout 2015. And volatility is set to continue as Capital Economics opines at MenaFn:
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Iron ore may be in for a roller-coaster ride this year as prices swoon into the 20s, then rally to end higher after three annual losses, according to Capital Economics.