Daily iron ore price update (crushed cat)

Friday, 19 September 2014

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

The dead cat bounce is falling to earth with a thud. Paper and physical are headed for a test of last week’s low. It is a brave man that thinks they will hold.

In news today, the Globe and Mail has a salutory piece on Chinese steel:

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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.