Here are the iron ore charts for July 29, 2015:
Spot rocketed with Tianjin benchmark surging 5.9% to $55.30. Paper too. Dalian is up again overnight another 5 points to 371. Rebar average is driving it with its sharp rebound though it is still at 2003 levels.
Let’s dig into this with some bonus charts from JPMorgan. First, falling steel mill utilisation rates:
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