Economy catching up with the market.
There is plenty of supply while demand will reflect the performance of the economy... I.e. the economy will slow down and reduce demand.
I wonder if the fall in the iron ore price today is the start of a broader readjustment in line with assessments of the global economy. If so, my target entry price of $1.80-$1.90 stands. Though if the market over reacts, could go as low as $1.50.
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