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Iron ore price charts for March 31, 2017:
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Spot down. Tianjin benchmark was hit -2.9% to $79.20. DCE paper held on overnight. Steel stable. Coking coal is up on Debbie. Unless there’s real damage it is not going to last. Too early to know. Thermal is up on restocking. Port stocks fell 35k tonnes last week.
The talk of the town is this piece from Reuters:
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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.
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