Daily iron ore price update (coal crash)

David Llewellyn-Smith

Monday, 5 December 2016

Iron ore charts for December 2, 2016:

Tianjin benchmark fell 0.1% to $78.00. DCE and SGX paper fell more. Rebar rose firmly. Steel mill margins still stink. Coking coal futures fell. Coking coal spot has only pulled back marginally to $308 but thermal is going bust. Other bulks will follow in due course.

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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.