Cleveland Cliffs Inc (CLF): "downside risk to prices(iron ore,China)...

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greasemonkeyshoes

Re: None

Monday, 01/02/2017 11:57:59 AM

Monday, January 02, 2017 11:57:59 AM

"downside risk to prices(iron ore,China) as imminent." from zerohedge.......
and more
"prices could quickly fall back to $61/mt (Ex. 3)."

"Bottom line: according to Axiom, both China's iron ore demand, and the recent price surge, have topped out, especially following recent Beijing summits in which the topic of deflating China's various bubbles is once again front and center. Finally, the recent downturn in the Baltic Dry Index may suggest that the spot price correction is set to arrive sooner than many expected"

http://www.zerohedge.com/news/2017-01-02/iron-ore-stocks-chinese-ports-hit-new-record-highs-why-ominous-sign-prices

ps-was the iron ore buildup in China,supply chain bottleneck,partially due to result of the US/EU anti-steel dumping measures,and now taking effect???
ps2-I believe it all depends on the cartal of the BIG THREE: vale,bhp,rio tinto.It is just that simple:Restart a fight or profitabilty.