Daily iron ore price update (snap back)

Monday, 25 July 2016

Iron ore charts for July 24, 2016:

Tianjin spot was down 40 cents to $55.70. Paper was hammered Friday night. Steel had a good day. Chinese port stocks crept up another 250kt last week. Price erosion ahead is my best guess.

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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.