Daily iron ore price update (Gina upset)

Thursday, 15 October 2015

Here are the iron ore charts for October 14, 2015:

Qingdao was flat but benchmark fell 1.1% to $54.30. Paper is weakening with Dalian down overnight and Singapore 12 months swaps again close to break down. Rebar bleeds on towards new lows.

In news today, Chinese steel again under the pump. From Reuters, it lost a small but symbolic trade case:

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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.