Here are the iron ore charts for August 20, 2015:
Spot weakened with Tianjin down 0.5% to $55.60. Paper was firm. Rebar is done when we factor in currency adjustments. RIO and BHP were up 2% in London but that was before the New York rout. CISA fast data for early August steel output leaped 5.3% as mills restocked ahead of the Hebei shutdowns. This is an action replay of last year with a big drop ahead. We appear to be lining up for a sell off.
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