Very active #ironore market today as participants look to conclude trade ahead of SG50 break. MBIOI-62 up $1.49 to $56.78/t.
Isn't it funny that with any increase in spot there is consensus reasons for this, seems to me a turning point, looking at the charts we will retest $65 again before month end......if this can be matched with an announcement on debt restructuring then watch this baby run hard!
http://edge.alluremedia.com.au/uploads/*/2015/07/MBIOI62-July-30.jpg
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