Daily iron ore price update (up we go)

Tuesday, 11 July 2017

Iron ore price charts for July 10, 2017:

Tianjin benchmark jumped $1.70 to $63.80. Paper took off overnight so more to come. Coking coal following. Steel stalled.

Nothing has changed but since everyone now agrees that iron ore prices rise and fall with Chinese liquidity, here is where we’re at in the interbank market:

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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.