Iron ore price charts for April 12, 2016:
Spot berserk with Tianjin benchmark up 4.7% to $58.50. Paper berserk. Rebar berserk now up 47% this year! I’ve included the longer run chart to give you idea of how wild this move in context. No change to causes or outlook:
- steel restocking
- Tangshan flower show
- speculative demand on stimulus