Daily iron ore price update (Aurongzon)

Thursday 18 September 2014

Here are the iron ore ore charts for September 17, 2014:

Paper is stalled and physical bleeding. CISA major steel mills output data for early September rebounded from the August crash. That’s a good news bad news story. Demand worries can ease a little but steel pricing pressure will resume. Texture from Reuters:

A surge in Chinese spot steel prices over the weekend helped fuel iron ore’s surge on Monday.

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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.