Iron Ore Slips on Weak Fundamentals
Iron ore futures fell below CNY 680 per ton, sliding toward four-year lows as rising port inventories, subdued steel mill profitability and sluggish demand continued to pressure prices. Industry data showed that iron ore stockpiles at major Chinese ports increased nearly 1% to 153.72 million tons in the latest week, while shipments from producers outside ...
We haven't written up this one. Hellenic Shipping News has the full story — the link below goes straight to it.