So what happened with the iron ore complex over the Xmas break? It was very thin trading with not much action, some dips in coking coal and rebar prices, but these have come back slightly:
Tianjin benchmark was roughly the same as Qingdao at $72.70 on Friday.
The 2018 forecasts from the investment houses are slowly trickling through with Goldman Sach’s still pushing the $55 target on the back of the push to higher grade ore in China.
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