Daily iron ore price update (done)

Tuesday, 14 July 2015

Here are the iron ore charts for July 13, 2015:

The spot rebound is done with Qingdao up a bit and Tianjin benchmark unchanged at $49.90. 12 month swaps are weakening already. Dalian eased but added 2 points overnight to finish where it started at 369. Rebar average is putting a few pennies back on.

In short, the Shanghai crash rebound has flamed out. Unfortunately it has stopped 20% lower than where it began. This despite news that previously sent prices soaring, from Bloomie:

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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.