Daily iron ore price update (down)

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Iron ore price charts for August 15, 2017:

Tianjin benchmark dropped $2 to $72.30. Paper lifted a little overnight. What coking coal is doing at $200 I have no idea. It has no Chinese policy support and supply is gushing all over. I still see the top here.

So does Capital Economics:

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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.