Daily iron ore price update (futures dislocation)

The ferrous complex was mixed on March 30, 2022:

In the past week, Dalian futures have jumped 15% while spot has nowhere. I have never seen this kind of dislocation before.

Perhaps the physical market is much looser than the heavy buying of futures would suggest.

Perhaps it will converge all in one go soon. I don’t know.

It adds to the fog.

Houses and Holes
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