Iron ore prices for February 27, 2018:
Tianjin benchmark was down 40 cents to $79.55. Paper stalled. Steel too.
It’s tempting to call the top here given prices are way overheated, inventories crazy and the US dollar rising. But I’ll hold off. Weather is still a risk and the Q1 steel rebuild not yet entirely clear. We’ve got waves of Chinese data ahead too.
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