Daily iron ore price update (clear as mud)

Wednesday, 6 August 2014

Here are the iron ore charts for August 5th, 2014:

So, a very mixed performance. Dalian shot up after the very weak China services PMI yesterday, clearly running on more stimulus hopes. Swaps ignored it and so did rebar futures in the end.

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:

$24.99 / month

$249 / year

Cancel at any time through our billing provider, Stripe

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.