Daily iron ore price update (pause for breath)

David Llewellyn-Smith

Friday 27 November 2015

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

OK, so spot stable with Tianjin benchmark up 20 cents to $43.60, paper flat tending up and rebar down. Chinese steel mills actually increased output in early November by nearly 3% to 1.69mt according to CISA. More falls ahead, I’m afraid.

In news, Roy Hill is going well, from The West Australian:

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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.