Here are the iron ore charts for April 9, 2015:
It’s not a good look. This is the deadest of dead cats. Spot is weak with Tianjin benchmark falling 10 cents to $47.80. 12 month swaps want to go lower. Dalian six moth futures closed a little down but overnight are at 373 down another 10 points. Rebar is already cheaper than lettuce but is aiming down for Brussels sprouts.
And none of this is the chart of day. That dubious privilege belongs to CISA major steel mill output for the last ten days in March which fell 2.8% to 1.61 million tonnes (mt):
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