Here are the iron ore charts for August 27, 2015:
Tianjin benchmark firmed a little to $53.30. Paper firmed too and Dalian joined the overnight party going limit up. Rebar keeps bleeding.
For some time now iron ore has ceased to trade on the fundamentals so I can’t really tell you what to expect in the short term. The Hebei shutdown should see prices fall but the global bear market rally could send it the other way.
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