Daily iron ore price update (launch)

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Here are the iron ore charts for April 22, 2015:

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2 6 4

Don’t adjust your television set. It’s back to the future with Qingdao rocketing 6% on the day. Tianjin benchmark was a little less impressive up 4.1% to $52.90. Paper flew as well and Dalian is still pouring on it overnight now at 404. The ongoing sink in rebar average tells you nothing has changed fundamentally. This appears to be mostly the work of BHP’s PR clangor.

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Reuters has texture:

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.