The China Iron ore chart isn't updating. It’s stuck on Sept 30th has Bloomberg changed the code number? 

Eoin Treacy's view

Thank you for this email which highlights just how difficult it is to get reliable data for iron ore. Part of the reason for this is because a large proportion of the global market is represented by relatively long-term contracts.

This is the third time in as many months that Bloomberg has stopped updating a price for what is a globally significant commodity. I have now replaced the China 62% fines price with the new index that rebases the old index to Qingdao port prices. This can be found in the Metals section of the Chart Library.

The major iron-ore miners have been engaged in a policy aimed at driving higher cost producers out of business which has resulted in a sharp decline in iron-ore pricing. The Index has stabilised near $80 over the last month but a break in the medium-term progression of lower rally highs would be required to question the downward bias.