Here are the iron ore charts for April 8, 2015:
The weak dead cat bounce continues. Tianjin benchmark managed a meager 30 cents rise to $47.90. 12 month swaps are unconvincing. Dalian rallied late yesterday but has fallen overnight and is now down 4 at 382. The rebar reversion continues. There’s just not much going on here and with Chinese authorities moving to protect local miners, another roll over is only a matter of time.
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The best case is a couple of weeks of mill restocking.