Un poco de objetividad para dias de turbulencia bursatil. Estamos por cerrar el 1Q17 con precios del IO promediando los 90 dolares y los futuros a Diciembre recien en 70 dolares:
Wed Mar 22, 2017 | 3:37 AM EDT
China steel, iron ore extend losses as speculators cut bets
By Manolo Serapio Jr | MANILA
Chinese steel and iron ore futures fell sharply for a second straight session on Wednesday as investors continued to cash in on recent gains even as the outlook in the physical market was supported by a seasonal pickup in demand.
The losses in both commodity futures came after they posted their largest weekly increases in two months last week, and traders say the wild swings in the futures market have unnecessarily swayed the physical market.
As futures slid, spot iron ore on Tuesday tumbled more than 4 percent, its steepest single-day drop in more than three months.
"A lot of speculative players in the paper market create volatility in the price and this volatility has affected the physical market," said an iron ore trader in Shanghai.
"Fundamentals have not changed so much. Seasonal demand is still happening because the temperature in most areas in China is warm enough for construction projects to proceed."
http://mobile.reuters.com/article/idUSKBN16T0OW