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1.Market Observations, 8.Was Sticky

5 Apr 2017 (AFR) – Iron ore slides below $US80 mark

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(5 April 2017, AFR, p27, by Timothy Moore)

‘The price of iron ore has extended its recent retreat, amid unrelenting negative sentiment about inventories of the steel-making raw material in China and demand for steel in the nation. Iron ore slid 1.3 per cent to $US79.36 a tonne on Monday night, extending its pullback from its February 21 high of $US94.86 to more than 16 per cent. It’s now at its lowest since January 9; it ended 2017 at $US78.87 a tonne.’

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

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