Daily iron ore price update (limit down)

David Llewellyn-Smith

Wednesday, 14 December 2016

Iron ore chars for December 13, 2016:

Spot faded. DCE paper was limit down overnight. Steel is on its wildest tear in history. Nothing normal about this market. Coking coal futures are busted. Thermal resumed its fall.

In news, the coking coal contract came through without a hitch, via the AFR:

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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.