Here are the iron ore price charts for June 30th, 2014:
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Paper markets were weak across the board including rebar futures. In physical, spot weakened too but wider action is more encouraging. Texture from Reuters:
“The market remains oversupplied and I don’t see any signs of turnaround. I think the trend will be for prices to consolidate at low levels,” said Helen Lau, senior mining analyst at UOB-Kay Hian Securities in Hong Kong.