Here are the iron ore charts for November 3, 2014:
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More weak pricing on yesterday’s lousy data. 12 month swap are at new lows. Dalian May is close to new lows (pricing $67) while January was caned 15 points to new lows. Rebar is steady. I’m using Qingdao for spot and benchmark is usually $1 or so lower so we’re on the brink of new lows in iron ore physical as well.
Texture from Reuters: