Daily iron ore price update

Thursday, 23 October 2014

Her are the iron ore charts for October 22, 2014:

Singapore was closed so no iron ore prices. The rebar average rally powered on but futures fell sharply again. Sensible enough given it’s the Hebei effect described yesterday.

That’s it for today!

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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.