Here are the iron ore charts for March 24, 2015:
Qingdao and Tianjin benchmark up strongly as expected, the latter to to $55.60 a tonne, up 2.6%. Paper is mixed and rebar average rolling, though futures are still firm. I hesitate to say that the rally is done already but I can’t see it getting very far.
The big new today is another Sino Iron writedown at CITIC, from The Age:
Advertisement