Daily iron ore price update (flame out)

Thursday, 26 March 2015

Here are the iron ore charts for March 25, 2015:

Qingdao and Tianjn spot were OK with benchmark iron ore falling 10 cents to $55.40. However, all other markets are howling “flame out” for the rally with Dalian at a new low this morning, 12 month swaps poised to join it and the rebar rally hitting a wall of poor demand in China.

Reuters has texture:

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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.