Daily iron ore price update (smashed again again)

David Llewellyn-Smith

Thursday, 26 May 2016

Iron ore price charts for May 25, 2016:

Tianjin benchmark fell 0.4% to $50. Dalian was hit another -2% overnight. Singapore is in free fall. Rebar is still weak. And the odds favour another port stock rebuild this weekend. Yet big miners are flying. It’s the best short I’ve seen in some time.

The FT has an important piece on Chinese futures:

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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.