To all those predicting a collapse in the iron ore price, here is what Bloomberg are reporting:
Inventories at China’s ports and mills are at the lowest in 2 1/2 years at 20 days of demand, Dominic O’Kane, an analyst at JPMorgan Chase & Co., said in a report today.
Does seem that restocking is imminent and thats bullish for prices !
iron ore stocks rally hard overnight!, page-2
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