Daily iron ore price update (flame out)

Friday, 15 April 2016

Iron ore charts for April 14, 2016:

Spot was whacked with Tianjin benchmark down -2.2% to $58.60. Paper followed with Dalian down again overnight. Rebar is still firing but slowed.

In news, RIO has had enough of bringing its competitors back to life, via Bloomie:

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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.