Daily iron ore price update (loose the baboons)

Monday, 9 February 2015

Here are the iron ore charts for February 6, 2015:

A little price relief Friday but not for long. China’s January trade figures will shake the market today. I still think we’re going into the $50s on this move and if there is no rebound after Chinese New Year then God help us all.

In news, S&P is warning RIO to keep it real, from The Age:

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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.