Daily iron ore price update (RIO thump)

David Llewellyn-Smith

Monday, 30 March 2015

Here are the iron ore price charts for March 27, 2015:

Qingdao spot was a disaster crashing 4% but Tianjin benchmark wasn’t quite so terrible falling 1.3% to a marginal new low of $54.10 (full charts to come). These two track one another however so the gap will close. In paper markets Dalian prices rallied off their lows of the day but still had a shocker. 12 month swaps managed to avoid another new low. Note that the coal prices are for all of last week and I’ve revised my rebar average data which got scrambled.

Texture from Reuters:

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:

$24.99 / month

$249 / year

Cancel at any time through our billing provider, Stripe

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.