Interesting here watching iron ore price that has steadily risen over May despite downgrades in steel production just before stockpiles have wound down and supply not keeping pace with basic demand; 'the price for the benchmark, 65% and 58% fines still surged 7.9%, 7.2% and 10.5% respectively in over the course of May.' BIA. inventories and quality v interesting for base metals not just the old supply and demand metrics. How much physical is being held and what is needed to blend?
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