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Spot iron ore suffers biggest rout since 2009, more losses likely

Posted on 26 October 2011

Spot iron ore prices fell nearly 4 percent in their biggest single-day drop since August 2009 as thin demand from top buyer China forced some traders to sell at a loss as offers dropped further on Tuesday.

Iron ore prices have shed 19 percent so far this month, the steepest monthly decline since October 2008, in a sell-off largely fueled by slower construction steel demand in China………………………………………..Full Article: Source


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VRS - who has written 34624 posts on Opalesque Commodities Briefing.


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