Port Hedland exports smashed iron ore cargo shipping records yet again in October, which will do little to ease downwards pressure on the commodity price

Port Hedland exports smashed iron ore cargo shipping records yet again in October, which will do little to ease downwards pressure on the commodity price. The question is whether marginal producers will begin to be squeezed out (and if so, when?). Meanwhile a very ordinary AIG Performance of Services reading dims the economic outlook a bit further. A rundown here... (VIEW LINK)