Daily iron ore price update (deluge)

Advertisement

Here are the iron ore charts for October 2, 2015:

Capture 1 2 3

Qingdao spot tanked in a big catch up to benchmark. Singapore eased. All else was closed. Port Hedland September shipments continued to rise to records at 39.4 million tonnes as Atlas returned and BHP expands:

Capture
Advertisement

The trend higher for Chinese market share continues but is going to stall soon as its export growth stalls:

6

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.