Daily iron ore price update (meh)

Thursday, 31 August 2017

Tianjin benchmark dropped 70 cents to $75.40. Paper stopped the fall last night. Coking coal too. Steel is still hovering at the highs.

No change. Volatility for another month or tow then down.

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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.