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1.Market Observations, 8.Was Sticky

2 Aug 2017 (AFR) – Iron ore jump a short-term treat but analysts don’t think it will last

(2 August 2017, AFR, p13, by: Jessica Sier, Lisa Murray)

‘Iron ore experts are divided over the direction of Australia’s largest export, with Chinese analysts convinced the bulk commodity is set to enter a bull market while local analysts say this week’s surge is only a short-term burst. The spot price of iron ore surged 7.2 per cent, or $US4.97, to near $US74 a tonne during Tuesday’s session as Chinese authorities inspected local low-grade steel mills, and surprisingly strong construction figures released last week caused the iron ore price to play catch-up to higher steel prices.’

Read more at (might need AFR login access, or try:


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