Spot iron ore cracked and looks destined to retest its June low below $90.
That's certainly not going to help the SP...could be in for a rough ride.
SP in the past (2011, 2012 and 2013) increased in Q4 (Chart Below)...but based on the following comment in the article below "Right now technicals and s#*^ty demand are giving the bird to seasonality".
http://www.macrobusiness.com.au/category/iron-ore-price/
Spot iron ore cracked and looks destined to retest its June low...
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