Daily iron ore price update (stall)

Thursday, 30 June 2016

Iron ore charts for June 29, 2016:

Tianjin benchmark was unchanged at $53.40. Paper has flamed out. While steel rises iron ore prices can remain firm but it too appears to be running out of steam. There’ll be another month ahead of rising port stocks on the back of the latest flurry.

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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.