Daily iron ore price update (cut schmut)

Tuesday, 27 October 2015

Here are the iron ore charts for October 26, 2015:

Spot weak. Tianjin fell o.2% to $50.80. Paper weak. Dalian May futures are now pricing $41. Rebar managed a tiny bounce finally. If that’s the best we can do coming out of a Chines rate cut then the bias remains firmly down.

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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.