Australian LNG Commodities Iron ore price

Big iron and gas dead cat dies

Thursday, 17 December 2015

The rally is struggling already. BHP is down -0.5%, RIO is up 2.3% and FMG is down 0.8%:

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Not exactly tearing it up, perhaps in part owing to this, from Bloomberg:

Iron ore will average $38 a metric ton next year and $35 in both 2017 and 2018, analysts Christian Lelong and Amber Cai wrote in a report received on Thursday. The new forecasts are 13 percent to 14 percent lower than the bank’s previous outlook.

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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.