Daily iron ore price update (Kumba crunch)

Thursday, 8 October 2015

Here are the iron ore prices for October 7, 2015:

Chinese markets are still closed but Tianjin benchmark rose 0.7% to $54.40. The news flow is poor. Liberum is warning, from Mining Weekly:

The price of iron-ore will fall into the mid-$30s/t range over next 12 months, Liberum Capital predicted on Wednesday.

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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.