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1.Market Observations, 8.Was Sticky

23 Mar 2017 (TheAge) – Iron ore prices ease as Chinese demand tipped to slow – Iron ore slumps the most so far this year

(23 March 2017, The Age, BusinessDay, p25, by Timothy Moore)

‘Iron ore prices have come under pressure as Chinese steel mills appear to be nearing the end of their current stockpile build, but analysts are not yet expecting a prolonged selloff. The spot price for iron ore slid $US3.90 to $US87.59 a tonne on Tuesday night, the biggest drop since mid-December, while Chinese iron ore futures tumbled for a second day on Wednesday, falling nearly 5 per cent to 586 yuan ($US85.13). ‘

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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