Nice work bungi, the spot price shows a good opposite correlation to the stockpile level since the peak in September and then after the announcement of the stimulus plan.
It makes you wonder, we all know the chinese are very canny, and that they would make the situation look as bad as possible prior to the current round of price negotiations, yet the stockpiles have decreased and the spot price have increased. I would have though if they could, they would have waited till after April to allow that to happen. This hints to me that there is real demand behind that. Let's hope so.
chinese iron ore stockpile chart, page-5
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