Daily iron ore price update (dumb money time)

Wednesday 21 September 2016

Iron ore price charts for September 20, 2016:

Tianjin benchmark was unchanged at $55.30 despite a bid in paper markets. Rebar is still falling and no wonder. CISA steel output jumped nearly 5% after the G20:

Coking coal continues to hit new highs and mill profitability new lows:

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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.