Daily iron ore price update (parade glory)

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by Chris Becker

Yesterday was the last day of trading for the iron ore complex before the end of WW2 celebrations in China, and prices remained remarkably stable compared to their stock brethren.

1table 2ironore 3dalian 4rebar

While spot continues to lift off the floor, the longer end from 6 month futures and 12 month swaps still indicate flat prices ahead as rebar continues to rollover.

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