Here are the iron ore charts for March 27, 2014:
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So, a slightly firmer day yesterday in both paper and physical markets although both have contradictory signals with rebar futures falling and the Baltic Dry capesize component tumbling another 7%.
Not much to add today. The market feels a little firmer but is far from anything suggesting good demand or aggressive retocking. Clearly someone is buying a few cargoes but I remain quite cautious about who, how many and how high it can run.
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