Daily iron ore price update (BHP too hot)

The iron ore price complex cracked on Friday especially on the long end as it looks like trading volume is drying up coming into the Chinese New Year:

Meanwhile BHP has seen its fortunes raised slightly with S&P lifting its outlook to stable, from negative – with more reports from SkyNews:

‘Given BHP’s high level of cash on balance sheet, future cash flow generation capacity, and supportive financial policy, we now assess its liquidity as exceptional.’