Daily iron ore price update (weak)

David Llewellyn-Smith

Wednesday, 23 April 2014

Sorry this is late today. Data issues. Here are the iron ore price charts for April 22, 2014:

Paper markets were weakish though rebar futures managed a small gain. Physical was weak too although the Baltic Dry capesize component finally climbed 1.5%.

Nothing much to say today except prices look biased lower still.

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.