Daily iron ore price update (sag)

Wednesday 15 October 2014

By David Llewellyn-Smith

Find below the iron ore charts for October 15, 2014:

Hmmm, paper markets on the nose already. There’s been something of a spread between the Singapore 12 month swap and the Dalian 6 month futures during the crash, but that has now largely closed with both pricing in the $77-79 dollar range. Spot is going nowhere fast but so long as rebar rallies there is hope.

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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.