Daily iron ore price update (Vale gusher)

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Here are the iron ore charts for July 23, 2015:

Capture 1 2 3

Qingdao firm. Tianjin benchmark not so much down 0.2% to $50.60. 12 month swaps are perilously poised. Dalian was off 1% but recovered most of that overnight to end at 381 this morning. Rebar average, well, see ya and wouldn’t wanna be ya!

News is all about mining gushers. The ABC on FMG kicks us off:

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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.