Daily iron ore price update (swap support)

David Llewellyn-Smith

Tuesday, 15 January 2013

Here is the iron ore price table for January 14th, 2013:

And today’s chart:

Not much to add after yesterday’s epic, except to say that 12m swap has bounced nicely off its $120 support level:

Mildly bullish but I’d be surprised if the short correction for spot is over already.

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.