Daily iron ore price update (stalemate)

David Llewellyn-Smith

Friday 7 March 2014

Daily iron ore charts for February 6, 2014 below:

Rebar futures broke support are headed further down. And that’s the rub. There’s still no sign of panic and there are clearly bids in the physical market but paper markets are telling us that more pain is coming.

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.