Daily iron ore price update (fade)

Friday, 11 March 2016

Here are the iron ore charts for March 10, 2015:

Spot faded with Tianjin benchmark hit for 3.7% to $57.40. Paper faded with Dalian still well below spot at roughly $52.60 equivalent. Rebar faded. BHP was down -4% and RIO -3.6% in London. We’re on the downside of the hysteria now. Firm conditions for a while yet perhaps then back to where we started.

No news today.

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.