Here are 4 excellent charts from Macquarie on the iron ore market

Photo: Kevin Frayer/Getty Images. Compared to other commodity markets, iron ore rarely gets a mention outside of major iron ore producing nations such as Australia and Brazil, and end users such as China.

However, that all changed this week. The benchmark spot iron price rocketed by nearly 20% on Monday, it's largest one-day increase on record. Continued volatility, including one of the largest declines on record on Wednesday, has kept it in the news, pushing crude oil into a rare second place when it comes to commodity market focus.

Given the level of interest there's been this week, it's an opportune time to revisit what has occurred, and what likely lies ahead, in terms of demand and supply for the iron ore market.

Ian Roper, Macquarie's Singapore-based bulks and steel analyst, has duly delivered, providing an excellent research note containing a multitude of interesting charts for investors to mull over.

Here are four of the charts that immediately caught out our eye.

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