Here are the iron ore charts for July 24, 2014:
Another bad day. Some paper market falls eased but Dalian looks headed for new lows to me. Rebar futures are bouncing along the bottom. Physical was worse with spot also headed for new lows in my view. Rebar average is fading away and the BDI cape is stuck at the bottom (it can’t really go any lower).
Gloom is spreading, from Reuters:
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