Daily iron ore price update (shite steel)

Friday, 30 January 2015

Here are the iron ore charts for January 29, 2015:

An improved tone in paper markets on short covering. Note that Dalian did rise firmly but the data has not update this morning so I’ve left it blank. The same goes for rebar average. Spot firmed a touch.

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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.