Daily iron ore price update (thump)

Friday, 20 March 2015

Here are the iron ore charts for March 19, 2015:

A little better today. Qingdao spot fell and Tianjin benchmark was stable at $54.50, but 12 month swaps bounced a little and Dalian is now trading at 440. Rebar continues to offer hope of some cyclical strength. Reuters has texture:

“By the end of the year, I won’t be surprised if the price drops to $40,” said Helen Lau, analyst at Argonaut Securities (Asia) Ltd in Hong Kong.

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.