Daily iron ore price update (fugly data)

Monday, 15 December 2014

Here are the iron ore charts for December 12, 2014:

Poor price action. Paper is stable but Qingdao is 50 cents from a new low and rebar average cant find a bottom.

Worse, the news today is all about poor macro data. As expected, China’s November data dump was weak. Fixed asset-investment growth continues to bleed:

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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.