Original article by Business Spectator
The Australian – Page: Online : 10-Dec-15

The price of benchmark iron ore for immediate delivery to China’s port of Tianjin has fallen by 1.3 per cent to $US38.30 per tonne, compared with $US38.80 previously. The iron ore price has risen in just four of the last 43 trading sessions, and Gordon Johnson of Axiom Capital expects it to fall towards the $US30/tonne level in 2016. He also anticipates that the iron ore price will fall below $US30/tonne in 2017, if not earlier.

CORPORATES
PORT OF TIANJIN, AXIOM CAPITAL MANAGEMENT INCORPORATED, BHP BILLITON LIMITED – ASX BHP, RIO TINTO LIMITED – ASX RIO, VALE SA, ROY HILL IRON ORE PTY LTD, HANCOCK PROSPECTING PTY LTD