Daily iron ore price update (abyssal steps)

Monday 4 August 2014

Here are the iron ore charts for August 4th, 2014:

In paper markets, swaps rallied and futures were flat (the fall comes from shifting the front month to January), rebar futures were also firm. Physical is becalmed in spot, rebar average and the BDI cape.

We turn to Reuters for texture:

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:

$24.99 / month

$249 / year

Cancel at any time through our billing provider, Stripe

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.