Here are the iron ore charts for May 9, 2015:
The good bid for spot continues, strongly indicting restocking goes on. However, wider markets are still much less convincing. Singapore 12 months swaps are stalled and backwardation is getting wider. Dalian 6 month futures look better and were up to 442 Friday night but rebar average is signaling another down leg in steel prices may be underway, which is the precursor to an iron ore rollover. More wood to chop for the market to chop first, but less with each passing week.
Reuters has texture:
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