From Metal Bulletin: Quarterly, spot or swap — which iron ore contract to choose? Tom Albanese’s admission that Rio Tinto may abandon quarterly iron ore pricing, should the majority of steel mills default to the spot market, could benefit the emerging market for over-the-counter iron ore swaps. Macquarie Research believes third quarter contract prices will be […]

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On a completely no news and no economic data day, market tried to stage some kind of a rebound and if we judge by the current situation failed. That tells a lot… Chart 1.  S&P 500

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