Daily iron ore price update (limit up!)

Wednesday, 27 July 2016

Iron ore price charts for July 26, 2016:

Tianjin spot rocketed 2.9% to $57.40. Paper went made overnight limit up. Steel is unmoved. A very amusing mix. Nonetheless, BHP and RIO finally succumbed to the Dalian dills adding 3% in London.

To end our morning of mirth, check this baby out from MNI:

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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.