Iron ore daily price update (falls continue)

Advertisement
odence-surprise

by Chris Becker

Ouch. Compounding last night’s equity falls the iron ore/steel complex has rejoined the party after a very weak reprieve. Here’s the price table:

price

Spot iron ore continues to fall, down another 1% to $78.60USD per tonne while 12 month swaps opened limit down and finished more than 2% down at $77. The spread has really tightened here:

Advertisement
spotswap

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:
Cancel at any time through our billing provider, Stripe