Daily iron ore price update (splat)

Tuesday, 25 August 2015

Find below the iron ore charts for August 24, 2015:

Qingdao iron ore price tumbled 5.03%. Paper much the same. Dalian ended the evening session down 6 points to 361 offering some hope of stabilisation but that will depend upon Shanghai. Port stocks eased on the week but at this stage that’s immaterial. BHP and RIO fell -9% and -7% in London.

In news, Fortescue is getting a pounding, from the AFR:

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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.