Here are the iron ore price charts for May 28, 2015:
Spot rejected new highs. Singapore dancing on a pin. Dalian eased but fell sharply overnight to 422. Rebar average resumed its slide into the abyss. Texture from Reuters:
“At the moment, if you have any medium to high-grade material from Brazil or Australia, it will not be difficult to
find buyers,” said an iron ore trader in Shanghai…Traders said they expect the inventory at ports, which has fallen 15 percent this year, to drop further.