Original article by
The Australian Financial Review – Page: Online : 2-Dec-15

The price of iron ore for immediate delivery to the port of Tianjin in China has fallen by 2.8 per cent to $US41.60 per tonne, according to The Steel Index. Meanwhile, iron ore for delivery in January 2016 has fallen by almost two per cent on the Singapore Exchange, to $US38.70 a tonne. The global oversupply of iron ore has resulted in inventories at Chinese ports rising to their highest levels since May, topping 87.65 million tonnes in late November 2015.

CORPORATES
PORT OF TIANJIN, THE STEEL INDEX LIMITED, SINGAPORE EXCHANGE LIMITED, STEELHOME, METAL BULLETIN PLC, VALE SA, JULIUS BAER HOLDINGS LIMITED, SHANGHAI FUTURES EXCHANGE, DALIAN COMMODITY EXCHANGE, FITCH RATINGS LIMITED, BMI RESEARCH