Here are the iron ore charts for July 29, 2014:
We’re all green today with physical chasing paper markets higher. Rebar futures joined the party. The BDI cape remains becalmed. Reuters has texture:
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“The sentiment towards the second half for China has really improved but we still believe that the stimulus we have seen is minuscule and the property market remains tough,” said Helen Lau, senior mining analyst at UOB-Kay Hian Securities in Hong Kong.