Iron ore price charts for July 7, 2017:
Tianjin spot was up 80 cents to $62.10. Paper firmed Friday but fell overnight. Steel is stalled. Coals too. Chinese iron ore ports stocks fell 1mt to 139.3mt last week. I expect the recent price rebound will see them rise again from next week.
No change to outlook. Banana Man will be finished when he’s finished, then down.
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