Daily iron ore price update (bottom?)

Sunday 16 November 2014

Here are the iron ore price charts for November 14, 2014:

Paper markets caught a little break but physical is still falling. Reuters has texture:

“I think demand for steel and iron ore will either be at the same level as the third quarter or even stronger in the fourth quarter if we see continued improvement in property sales and in infrastructure,” said Cao Bo, analyst at Jinrui Futures in Shenzhen.

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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.