Australian LNG Commodities Iron ore price

Big iron and gas mount the dead cat

Wednesday, 16 December 2015

Finally some relief for Trevor Sykes today as a dead cat bounce send BHP up 4.3%, RIO up 2.4% and FMG up 1.7%:

I can’t see much future in it personally but perhaps Santa can outweigh reality for a little while. Dalian has opened flat at 289.

Big gas is also rallying with WPL up 2.1%, OSH up 5%, ORG and STO up 3% each but LNG is headed out the back door down another 3.2%.All of this despite the API report this morning indicating more US inventory build:

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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.