Perhaps the Chinese feel that once things pick up further iron...

Perhaps the Chinese feel that once things pick up further iron ore prices will go up. People hoard when things are going to be in short supply or feel that they may become more expensive. It may be as some suggest to see prices drop by lowering demand due to. However I would doubt that it was that easy to manipulate prices etc.????
In the past the Chinese had a hell of a lot of trouble laying their hands on enough iron ore to keep their mills going. Perhaps they see this period as an opportunity to ensure that they have a supply on hand which is not going to affect their operations as it has in the past.

I think that BHP will hit $41 within 2 months. In other words things are picking up all around the world. At the moment there is not that much in the way of this. A number of car companies are planning to bring out cars with new technologies, just think of how much steel would go into building these it sales were pushed along or indeed took of due to natural demand.