Daily iron ore price update (coking coal bounce)

Find above the ore complex price table for November 12.

The news today is all in the other bulks, where we find a little bounce happening for both coals, coking and thermal, on improving Chinese data. From ANZ:

Newc physical FOB thermal coal prices rose, in line with better China data. Electricity production in China rose 6.4% y/y to 397.5bn kWh in October, the strongest gain in 7 months and encouraging for thermal power demand. Coking coal prices have also improved, up 4.7% last week to USD157/t in line with rising iron ore prices (5th consecutive weekly rise to USD122/t).

ANZ Commodity Daily 740 121112 (2)

Share

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.