| What goes up on unrestrained speculation will inevitably be back on earth at some stage. We saw it when iron ore speculation defying fundamentals took the mineral's price to a peak of $70.46 a tonne in the third week of April this year - a rise of 80 per cent since December 2015.
Buoyed by weather-related iron ore supply disruptions in Australia, fresh stimulus measures by Beijing and routine moves by China to start rebuilding inventories in the year's beginning, speculators went on marking up prices. Ore stocks at Chinese ports at close to 100 million tonnes (mt), the highest since March 2015, signals the end of inventory build up linked imports for some time...............................................Full Article: Source
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