Daily iron ore price update (India returns)

Wednesday 24 June 2015

Here are the iron ore charts for June 24, 2015:

Qingdao rallied hard and Tianjin benchmark jumped 2% to $61.70. Singapore still doesn’t care. Dalian got as high as 445 yesterday and finished overnight at 440. Rebar average is pretty much headed to free.

Texture from Platts:

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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.