Daily iron ore price update (junior love)

Thursday, 16 July 2015

Tianjin benchmark rose firmly yesterday 1.4% to $US50.10 presumably on better Chinese data, thoug Dalian slipped to 365. No charts today, sorry, I’ve got some data issues.

In news, Andy Home offers Atlas some hope:

That break-even all-in cash cost of production has already fallen significantly thanks to all the cost-cutting but with the spot price today at $49.40, it’s still a perilously close call.

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.