Daily iron ore price update (BDI dump)

David Llewellyn-Smith

Thursday, 10 July 2014

Here are the iron ore price charts for July 9, 2014:

Another day of dancing on the pin head. The big mover was the BDI cape which fell 6% to its lowest point since early June and broke its up trend. Texture from Reuters:

Fewer spot iron ore cargoes were traded after a flurry of deals on Tuesday, traders said.

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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.