Here are the iron ore charts for July 1, 2015:
Qingdao spot still falling and Tianjin benchmark was down 0.7% to $58.90. Singapore 12 months swaps are fast approaching spot’s record low and are roughly $11 below Bozo Joe’s forecasts for next year. Dalian melted and fell through support to 414 overnight. Mirabile dictu, rebar average did not fall!
Reuters has texture:
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