BHP, RIO and FMG roar as futures whimper

Tuesday 14 July 2015

The big iron ore miners are all on a roll today with BHP and RIO oscillating around 3% gains and FMG up 5%. The excitement is Greece, Shanghai stability and Vale production cuts:

Idiocy spreads are now screaming wider:

Juniors dead:

Dalian has added 2 points since this morning to 371 suggesting perhaps a half percent jump in iron ore overnight. Very muted given relative to the last time Vale announced cuts.

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.