14.12.2015 - Iron ore’s red streak hits 11 days
The price of iron ore has struck $US37 a tonne as a floor eludes the beaten-down commodity, with industry tensions running high as a result. At the end of the latest session, benchmark iron ore for immediate delivery to the port of Tianjin in China was trading at $US37.00 a tonne, down 1.3 per cent from its prior close of $US37.50 a tonne. The commodity's 11th consecutive red session serves as its longest red streak through an 18-month bear market. The losing run has barely stopped for nine weeks, with just four positive trading days in the last 45...............................................Full Article: Source
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