Daily iron ore price update (wood to chop)

Thursday, 16 April 2015

Here are the iron ore price charts for April 15, 2015:

Spot retraced some with Tianjn benchmark back below $50 at $49.70. Paper was mixed with 12 month swaps down hard after short covering was exhausted and Dalian was flat (though it is up 3 points overnight at 395). Rebar average was silent.

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.