Daily iron ore price update (steel rocket)

Tuesday, 12 April 2016

Iron ore price charts for April 12, 2016:

Tianjin benchmark jumped 4.9% to $55.90. Paper lit up. Rebar is entering orbit. Chinese iron ore port inventories were up another 750k tonnes last week.

It’s all about steel, texture from Reuters:

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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.