Daily iron ore price update

David Llewellyn-Smith

Wednesday, 17 October 2012

Relief for the ore price today with a bounce in swaps:

Not so good for Chinese steel, though it’s too early for concern:

Relief too for thermal coal, though the Chinese coastal shipping index for coal is not happy:

Mostly noise today.

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.