Daily iron ore price update (smack)

David Llewellyn-Smith

Thursday, 15 December 2016

Iron ore price charts for December 14, 2016:

Tianjin benchmark fell 3% to $79.50 . Paper stabilised overnight. Steel flamed out. CISA production figures for late November remained firm. Mill margins improved slightly. Thermal rallied.

No change. Peak is in or close. Everything to fall.

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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.