Here are the iron ore price charts for August 26, 2015:
Tianjin benchmark fell 30 cents to $53.10. Paper is also weakening with Singapore only 50 cents above a new low. Rebar average is retracing fast and I’ve added currency adjustment to show you just how fast. We are warming up for downside. Texture from WSJ:
The official Xinhua News Agency said Chinese authorities aim to reduce air pollution in and around Beijing by as much as 40% for the parade. It said the temporary controls, to last from Aug. 28 to Sept. 4, would result in more than 10,000 factories reducing or stopping production and work on nearly 9,000 construction sites stalling.