Iron ore price

Iron ore prices for April 4, 2018: Tianjin spot fell 80 cents to $63.

Via UBS: Is demand OK given some weaker signals in 1Q18?

Iron ore prices for April 3, 2018: Tianjin benchmark fell $1.60 to $63.80. Paper fell further overnight. Coking coal is falling less (so far).

Iron ore prices for April 2, 2018: Tianjin benchmark lifted $2.30 to $65.40 over Easter.

Iron ore price charts for March 28, 2018: Tianjin benchmark fell 40 cents to $63.05.

Here’s the chart: I don’t think I have ever seen a more perfect bearish descending triangle pattern.

Iron ore prices for March 27, 2018: Tianjin benchmark rose 40 cents to $63.45.

Via FMG just now: The chart is now right at the cliff’s edge of the monster descending triangle pattern: It’s a long way down from here.

Iron ore prices for March 26, 2018: Tianjin benchmark fell $1 to $63.05.

Iron ore prices for March 23, 2018: Tianjin benchmark was thrashed -5.4% to $64.05.

Via the SMH: Andrew “Twiggy” Forrest has pledged to reinvest every dollar saved from the Turnbull government’s full company tax cuts back into job creation and expanding his operations, in a last-ditch effort to convince the Senate crossbench to pass the $65 billion measure.

Iron ore price for March 22, 2018: Tianjin benchmark fell 20 cents to $67.70.

Iron ore prices for March 21, 2018: Tianjin benchmark rose 55 cents to $67.90.

So says Liberum: The proposition that there’s a structural shift underway in the iron ore tastes of Chinese steel mills toward the less-polluting varieties is just a myth, according to Liberum Capital Ltd.

Iron ore price for March 20, 2018: Tianjin benchmark fell 55 cents to $66.80.

Had to come: Cleveland-Cliffs will make the last shipment of iron ore from its Koolyanobbing operations near Southern Cross by the end of June with the potential loss of hundreds of jobs.

Iron ore prices for March 16, 2018: Tianjin benchmark fell $1.90 to $69.60.

Iron ore prices for March 15, 2018: Tianjin benchmark fell 25 cents to $71.50.

Iron ore prices for March 14, 2018: Tianjin benchmark jumped $1.80 to $71.75.

Iron ore prices for March 13, 2018: Tianjin benchmark rebounded 95 cents to $79.95.

Iron ore prices for March 12, 2018: Tianjin benchmark fell $1.25 to $69.

Iron ore prices for March 9, 2018: Tianjin benchmark fell $1.75 to $70.25.

Iron ore prices for March 8, 2018:    Tianjin benchmark was splattered $3.20 to $72.