Here are the iron ore charts for May 20, 2015:
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Qingdao iron ore fell $1.41 to $57.12 and Tianjin benchmark fell 60 cents to $57.80. Singapore is still bleeding. Dalian too though it rallied 4 points overnight and is now at 419. Worse, rebar average keeps on falling.
Nothing much has changed. More price erosion ahead though some support in the $50s seems likely as there is still room for China to replenish inventories.
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