Daily iron ore price update (more) (members)

David Llewellyn-Smith

Tuesday, 19 August 2014

Here are the iron ore charts for August 18, 2014:

Paper markets continue to slide. 12 month swap is only $1 above a new low. Rebar futures are at record lows. Physical is also weak with rebar average at record lows but the BDI cape jumped another 4%.

In news CISA fast data had large and medium sized steel mill output rose 3.6% in early August reversing its big July slump.

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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.