Daily iron ore price update (mixed)

Monday, 16 March 2015

Here are the iron ore price charts for March 13, 2015:

Qingdao is sitting right at a new low but Tianjin benchmark rallied 40 cents to $58.10. 12 month swaps are already at a new low and although Dalian closed OK it has continued to fall since and is now plumbing new depths as well 453. Rebar average took off as hope remains in China for a post-winter construction pickup.

Texture from Reuters:

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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.