Daily iron ore price update (stall?)

Thursday, 11 July 2013

Find below the iron ore price table for July 10, 2013:

Rebar futures rose. In technical market terms I would have thought more strength lay ahead. But the flow of macro data should probably stall the rally here and those thinking about taking a short position for Q3 should certainly be building positions.

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.