26.04.2016 - Iron ore price rally will run out of puff
Rampant speculation in China’s iron ore and steel rebar futures markets that helped fuel a surprisingly strong rally in Australian iron ore miners in recent weeks may be starting to cool. While China’s rebar inventories data yesterday showed supplies of the steel rod used in concrete fell for a seventh-straight week, prices of iron ore and rebar futures faltered after regulators acted to stop excessive speculation and analysts warned the price surge was unsustainable...............................................Full Article: Source
Print