Daily iron ore price update (short gift)

Thursday, 1 October 2015

Here are the iron ore charts for September 30, 2015:

Tianjin benchmark fell 0.6% to $54.40. Paper is stalled going into the China public holiday. Rebar bleeds on. Wider bulks are buckling. Reuters has texture:

China’s slowing economy has aggravated long-standing overcapacity problems in its steel sector, by far the world’s biggest, sending prices to their lowest level in more than two decades.

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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.