Daily iron ore price update (Sino money pit)

Friday, 9 October 2015

Here are the iron ore charts for October 8, 2015:

Qingdao went a little crazy but Tianjin benchmark didn’t, up 0.7%to $US54.80 and under-performing the Dalian bounce. Singapore was flat and rebar immediately resumed its bleed out. We’re back from holiday and nothing has changed.

In news, some new revelations about Sino Iron are pretty amazing, from the always excellent Neil Chenoweth:

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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.