Here are the iron ore charts for April 22, 2015:
Don’t adjust your television set. It’s back to the future with Qingdao rocketing 6% on the day. Tianjin benchmark was a little less impressive up 4.1% to $52.90. Paper flew as well and Dalian is still pouring on it overnight now at 404. The ongoing sink in rebar average tells you nothing has changed fundamentally. This appears to be mostly the work of BHP’s PR clangor.
Advertisement
Reuters has texture: