The power of market prices demonstrates another sign of coming in balance with the iron and core markets.
China has announced supply-side structural reforms for steel production and coal. These reforms help to remove excess production capacity from the Chinese and global market.
This reform should assist in the re balancing of the iron ore and coal markets. The full text of the Chinese announcement can be found here: http://www.gov.cn/guowuyuan/2016-01/24/content_5035749.htm