Daily iron ore price update (flame out)

David Llewellyn-Smith

Friday, 28 October 2016

Iron ore price charts for October 27, 2016:

Tianjin benchmark fell 0.6% to $62.30. Paper rebounded a little overnight. While rebar climbs there is hope for more. Coking coal futures were hit by fee hikes on Chinese exchanges seeking to squash the rally. Thermal is powering on on the Chinese restock.

I have no idea if the rip is over but here is one sensible fellow:

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:

$24.99 / month

$249 / year

Cancel at any time through our billing provider, Stripe

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.