Daily iron ore price update (the dip)

Friday, 6 September 2013

Rebar futures also eased again. All paper markets are now in solid downtrends and physical will follow as the seasonal dip gets underway. How deep I have no idea but if you want a guess I’ll throw a dart at $120 with little bounce back in Q4.

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.