ANALYSIS: How long and severe might be the iron ore fall?

Aside from slight, 50-cent pickups May 6-7 in the Platts assessment of
62%-Fe content iron ore fines, the benchmark price has declined 18% in exactly 30 days, losing $33.50/dry mt. The recent peak for 62%-Fe fines was at a midpoint of $186/dmt on April 20, but settled May 20 at $152.50/dmt CFR North China. As noted in commentaries the week ending May 21 market participants are all trying to...