Daily iron ore price update (oh the pain)

The iron ore complex fell to its weakest level in more than a month on Friday, having lost nearly 10% in the last trading week alone. This will all due to continued concerns about fresh COVID-19 outbreaks and the iron fist of lockdowns across China, coupled with the deluge of interest rate hikes coming down the pipeline from central banks this week.

Spot prices were off a little, but Dalian iron ore futures slumped over 5% at one stage before recovering:

Tianjin prices were off by 1%, back to the start of year point: