click on 3 month chart on my post -price going in right direction after bottoming at 86.70 in Sept
China usually slows in winter but their PMI turned around for positive for 1st time in long time in last couple months as grajekk et al noted-
but more important India w ca 40% effective export tax and closing of illegal mines is now an importer not a major exporter to China,Australia ore exports are hurt by new Australia 30% export tax,and vale is cutting back,and CLF is probably rethinking its 106 canadian cash costs,especially after downgrading of its stock,and domestic chinese producers w marginal costs as high as 180-see prior posts-are contemplating their navals or looking to escape the re-education camps?