I’ve updated the graph in my previous post of the historic iron ore and coal prices for data up to end October 2008. I have been right on the money since these prices have come down crashing the past few months. I also have added the last year’s data of iron ore spot prices as indication of where contract prices might be headed next year. The current spot coal price is around $95 and the spot iron ore price in China is around $85.
A copy of the new graph can be viewed here, iron-ore-coal-price-trends-updated