Lower than desirable Chinese PMI number and the IO price losing a couple of bucks is having an effect probably.
All the talk now reverting to additional supply and falling demand etc. I guess if they keep saying it eventually there will be some truth in it, even if it is short term stuff.
Looks more like seasonal (Pilbara wet season, Chinese New Year etc) factors to me.
Jan 28th - Quarterly.
Lower than desirable Chinese PMI number and the IO price losing...
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