The iron ore price and Dalian futures don't look too rosy at present. I note the rumblings are getting louder about acceleration of domestic IO production from reverse translation searches of Chinese articles this week. Just how big is the war chest is the trillion dollar question.
Ominously, their ambassasor left Oz for good days ago giving the middle finger to our political super heavy weight Marise Payne. Maybe this marks the beginning of the decoupling turbo charged by Tony Abbott's visit to Taiwan to drum up for all out war.
GLTAH, things are going to get interesting just from reading the tea leaves.
Iron ore price, page-39967
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