Daily iron ore price

David Llewellyn-Smith

Monday 24 September 2012

Friday saw the ore price end the week on a soft note:

Not much to add except to say that the 12 month swap looks reasonably priced at these levels given the outlook:

Chinese steel prices took a breather:

And there is still no real drawdown on Chinese port inventory:

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.