Dalian iron ore limit down

Monday, 30 November 2015

The news flow today is not much fun for commodities. Adding to the woe is Dalian iron ore futures for May which are down 11 points or almost -4% and limit down as I write and hinting at another record low for iron ore tomorrow, at this stage somewhere in the high $41s…

The miners are holding up rather well in the circumstances, awaiting their instructions from London.

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.