Daily iron ore price update (a bounce!)

Tuesday, 15 December 2015

Here are the iron ore charts for December 14, 2015:

Tianjin benchmark added 1.3$ to $37.50. Paper is covering shorts. Rebar will fall forever it seems and while it does there is no bottom for iron ore. BHP was hit 3.6% in London and RIO 2%.

Texture from Reuters:

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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.