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As the iron ore price limbs back to normalcy after slumping 8% last month the misery is trailing with stockpile at the port touching a record high of 108 million tonnes. Normally the inventory remains in the range of 70-75 million tonnes.

A crackdown in China on financing backed by commodities risks unleashing a flood of iron ore sales from mountain of raw material sitting at Chinese ports, raising the prospect of a renewed price slump.

Investors who have raised funds against mostly un-hedged iron ore could be at risk in the event of a price fall due to sluggish steel demand, leading to forced sales as banks wind back loans against the raw material.

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Metal Rate
15 Apr, 2014
Zn
2036
Ni
17270
Sn
23450
Al
6625
Cu
1816
Source: LME.co.uk
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Weekly Poll
Coking coal prices to weaken in Q2
Yes
No
Can't Say
Baltic Dry Index
15 Apr, 2014
BDI
989
BCI
1765
BPI
778
BSI
921
Source: DryShips.com
Currency Rate
16 Apr, 2014
USD
1.0000
AUD
1.0682
BRL
2.2365
CAD
1.0984
CNY
6.2228
EUR
0.7237
GBP
0.5979
INR
60.2632
JPY
102.1630
RUB
36.2678
ZAR
10.5537
Source: http://www.xe.com