Daily iron ore price update (bounce)

Tuesday, 28 July 2015

Here are the iron ore charts for July 27, 2015:

Spot up strongly with Tianjin benchmark up 1.4% to $51.40 a tonne. Paper markets too. Dalian was unchanged overnight. Rebar average is off the canvass. The first Valemax disgorged its tonnages in China.

Amid the Shanghai crash, what gives? Andy Home captures sentiment:

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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.