Australian LNG Commodities Iron ore price

Big iron hangs on as futures slide

Wednesday, 2 December 2015

Big iron is holding on grimly as Dalian is again under pressure today down half one percent. BHP is up 0.3% but RIO and FMG are down -1%. The latter especially is especially buggered at this point making $1.60 per tonne:

Idiocy spreads for FMG and BHP are closing but RIO is widening:

Big gas is defying price falls with everything flat:

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.