Also another post in GBG mentioned that it is a raining season in China and all constructions have practically stopped and hence, no purchase. Furthermore, RIO and BHP also negotiating prices, hence, the lower price would give more negotiating power to buyer and that would also be temporary.
iron ore prices, page-9
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| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
|---|---|---|
| 4 | 116755 | 30.5¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 31.5¢ | 93895 | 3 |
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