Daily iron ore price update (Anglo panic)

Wednesday, 9 December 2015

Here are the iron ore charts for December 8, 2015:

Benchmark Tianjin iron ore fell 0.3% to $38.80. Paper still stable. Rebar not.

In news, the great shakeout has arrived in the majors with Anglo American destroying its outlook overnight, from the AFR:

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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.