Here are the iron ore price charts for March 2, 2015:
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Qingdao lifted a touch but benchmark fell 20 cents to $62.80. Paper was very cynical, quite rightly, about the Chinese rate cut. Singapore 12 month swaps are on right at the verge of breaking down and Dalian still has a bearish descending triangle pattern. In another hit to the bulls, port stocks rose 3 million tonnes over the Chinese holiday period to nearly 100 million tonnes. At least rebar average has bottomed for now.
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In news, India has jacked iron ore and coke import tariffs from Platts: