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Iron ore price charts for April 5, 2017:
Spot jumped but paper calmed down overnight. Steel is flat. Coking coal futures were up strongly but also slowed overnight. Debbie appears priced already. In other data, Chinese major mills steel output was thumping along at all time records in mid-March on CISA figures.
Port Hedland released March shipping figures and they remain very weak on weather disruptions at 39.09mt and 31.5mt for China:
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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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