Iron ore charts for April 29, 2016:
The Tianjin benchmark iron ore price jumped to $65.20 Friday tracking mad Dalian which was limit up all day. It added three points overnight perhaps capped by the renewed drive by regulators to pop the bubble. Rebar was firm again. Port stocks are headed through the roof, up another 1.5 million tonnes last week.
In other new data CISA released mid-April large steel mill output data and it was virtually unchanged from early in the month at 1.69 million tonnes (mt):
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