Iron ore charts for June 22, 2016:
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Everything up with Tianjin spot 2% to $51.70, though steel very unconvincing. From Reuters:
“Investors have raised hopes that downside risk for prices is small after a big slump in May while steel mills’ orders unexpectedly picked up and market inventories did not pile up,” said Zhao Chaoyue, an analyst with Merchant Futures in Shenzhen.