Australian LNG Commodities Iron ore price

Big iron and gas dead cat finally screeches

Wednesday, 23 December 2015

Some relief today for big iron, finally, with BHP up 3.5%, RIO up 5% and FMG up 4%:

Dalian is down a point of two so it’s not that. Perhaps its Aurizon or Atlas or Santa.

Big gas is also up firmly with WPL up 1.2% OSH up 2.4%, ORG up 3% and STO down 1% reversing yesterday’s stupidity, LNG is up 4%:

The US API oil inventory fell sharply last week so some support coming through there.

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.