Daily iron ore price update

David Llewellyn-Smith

Tuesday, 29 January 2013

Here is the iron ore price table for January 26, 2013:

And the chart:

Plus Chinese steel prices:

The only worthwhile point is that 12m swaps again retreated from resistance. Unless or until it can move through the mid $125s, the orientation for the spot price will most likey be lower.

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.