Daily iron ore price update (into the $40s)

Thursday 29 October 2015

Here are the iron ore charts for October 28, 2015:

Tianjin benchmark spot price fell sharply as well to $49.50. Singapore 12 month swaps are now in free fall. Dalian six month futures slumped as well to 357 and are just 5 points above breaking to new lows. Rebar average actually caught a little bid but futures are still tumbling. More falls ahead.

In news, the truth is out, from Bloomberg:

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.