hi Troisi
more a case of how much the HK hedgies are still holding after picking up the placement stock. I have no idea really but rest assured they won’t hesitate to smash it further to get their money back win lose or draw when they start to hurt in other areas.
i am with you on thinking this is a temporary pullback in the iron ore price. Chinese can only jawbone the price down temporarily when there is red hot demand.
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