Well so much for predictions. On 14th May JW had this to say:
I believe this is just the tip of the iceberg. If indeed there is any kind of iron ore boycott or hold up (I suspect China is well stockpiled for battle - plenty of warnings given) then iron ore price back to $150 could take just a couple of weeks as traders refuse to order cargo at these prices.
So 2 weeks is up. Still no boycott. Still no $150. What happened?? My crystal ball is getting cloudy, very cloudy. Maybe next week? Or the week after? Maybe next year? Or the year after?
Iron ore price, page-32423
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