Iron Ore Price (Global) in 2015
Iron Ore Price (Global) opened 2015 at 69.07 and closed at 40.88, a -40.81% move for the year. The high of 69.07 was reached on January 1, and the low of 40.88 on December 1.
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 69.07 | 69.07 | 69.07 | 69.07 | +0.00% |
| Feb | 63.8 | 63.8 | 63.8 | 63.8 | +0.00% |
| Mar | 58.18 | 58.18 | 58.18 | 58.18 | +0.00% |
| Apr | 52.11 | 52.11 | 52.11 | 52.11 | +0.00% |
| May | 60.43 | 60.43 | 60.43 | 60.43 | +0.00% |
| Jun | 61.84 | 61.84 | 61.84 | 61.84 | +0.00% |
| Jul | 52.17 | 52.17 | 52.17 | 52.17 | +0.00% |
| Aug | 57.33 | 57.33 | 57.33 | 57.33 | +0.00% |
| Sep | 56.98 | 56.98 | 56.98 | 56.98 | +0.00% |
| Oct | 53.66 | 53.66 | 53.66 | 53.66 | +0.00% |
| Nov | 47.19 | 47.19 | 47.19 | 47.19 | +0.00% |
| Dec | 40.88 | 40.88 | 40.88 | 40.88 | +0.00% |
Events During 2015
The PBoC devalued the yuan by 1.9% in a single day on August 11, 2015, the first meaningful devaluation since 1994. Global risk assets convulsed.
Brent crude fell from $115 in June 2014 to $27 in January 2016, a 77% collapse. Shale oversupply and OPEC's refusal to cut production broke the commodity supercycle that had dominated markets since 2003.
The Swiss National Bank abandoned its 1.20 EUR/CHF floor on January 15, 2015. The franc immediately surged 30%, blowing up retail FX brokers and exposing the fragility of exchange rate commitments.
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