The iron ore complex was able to rebound on Thursday with a near 2% increase in spot prices, while Dalian prices leaped 5% and futures nearly 2%:
Meanwhile, iron ore inventories are up at Chinese ports, but just barely:
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On July 4, inventory of iron ore at 33 major Chines ports amounted to 115.7 million mt, up 0.29% compared to June 27, as announced by China’s Xinhua News Agency.