Daily iron ore price update (BHP pins hope on India)

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by Chris Becker

The new year continues higher for the iron ore complex with spot prices up 1% or so on Friday, while short and long dated futures also lifted on the back of the new round of PBOC easing into the market, as restocking continues:




Meanwhile, BHP is pinning its hopes on India taking over any lag in Chinese demand on its concentrated four pillar commodity strategy. In this case, coal and iron ore – from The Age:

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