To suggest iron ore price to trade below $100 in October is nothing particular insightful or extraordinary. The iron ore price alone fell $100 in just 2 months when it first hit $130. What's $37 bucks fall in the next month such a big deal when we already learned steel production cut is now extended until March. That means there is a huge steel inventory that must be depleted before normal production can resume.
Jacko is not telling us anything noteworthy.
To suggest iron ore price to trade below $100 in October is...
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$21.76 |
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| Open | High | Low | Value | Volume |
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