http://www.australianmining.com.au/news/more-iron-ore-to-hit-the-market
Dalian iron ore futures went limit down -4%
Roy Hill / S11 cone on mid to late 2016
Likely it wont bottom until 2017.
Circa 150-200m tpa needs to be removed, globally .........
more to play out (imho)
rgds
V_H
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- lots of excess capacity
lots of excess capacity
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