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1.Market Observations, 8.Was Sticky

20 Apr 2017 (TheAge) – Spot iron ore extends retreat, sliding another 4.6 percent

(20 April 2017, The Age, BusinessDay, p23, Timothy Moore)

‘The spot price of iron ore now has fallen one-third from its February peak, as the slide into a bear market turns into an accelerating rout. At its Tuesday fix, ore with 62 per cent iron content slid $US3.05, or 4.6 per cent, to $US63.20 a tonne, according to Metal Bulletin. The price has tumbled more than 20 per cent so far this month. It fell 3.5 per cent on Monday.’

Read more at TheAge.com.au

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