Daily iron ore price update (the missing link)

Advertisement

Here are the iron ore price charts for June 12, 2015:

2 3 54 6 12

Spot eased. Singapore 12 month is still serenely indifferent, Dalian eased too but put it all back on Friday night and is opening today at 452. Rebar average is doomed. Port stocks are still plummeting down 1.8 million tonnes on the week.

So, fundamentals are screwed but the price still bubbly. Reuters has texture:

Advertisement

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:
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.