Australian LNG Commodities Iron ore price

Big iron and gas fade

Friday, 20 November 2015

A little overdue market reflection today as big iron retraces its recent rally somewhat with BHP slightly down, RIO flat and FMG looking shaky down -1.6%, perhaps because it’s now making a lousy $5 per tonne:

The idiocy spread for FMG is closing but for the big two it is now widening again, though the tightening trends remain clear:

Dalian has opened up one point.

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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.