Daily iron ore price update (no bottom)

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A new year starts for the iron ore pricing complex, here’s what happened yesterday:

Seasonality is coming into play with stockpiles of rebar held by Chinese traders rising for a second week to 2.973 million tonnes, up 1.5 percent from a week ago, according to SteelHome.

Here’s the latest roundup of analysts views on where iron ore prices will go in 2018, via Market Realist:

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