Daily iron ore price update (waiting)

Here is the price update for the iron ore complex, as at 18 January 2016:

As you can see, spot ore lifted above $40USD per ton again, with a slight lift in swaps but Dalian futures and rebar continue to fall. Ore is down 6% so far this year, not as bad as other risk markets like stocks, but still on track to get into the $30s later this year as forecast by MB.

Tomorrows GDP print will be fascinating for the iron ore watchers and pundits!