Here are the iron ore charts for March 16, 2016:
Tianjin spot recovered 1.5% to $52.50, paper bounced and Singapore took off, rebar was hammered. Reuters has texture:
“Now that everybody’s calmed down, we see there’s no major improvement on the physical demand side for steel,” said a Shanghai-based iron ore trader. While Chinese steel demand is better now than in the past two months as warmer weather spurs more construction activity, “it’s not enough to keep steel prices high,” he said.
