Daily iron ore price update (EU bans rebar)

Monday, 21 December 2015

Here are the iron ore charts for December 18, 2015:

Spot up with Tianjin benchmark up 2% to $39.30. Paper too with a Dalian rip. Rebar up. Port stocks rocketed 1.9 million tonnes (mt) to 92.4mt. Nothing sustainable happening here. It’s short covering.

Reuters has a survey of 2016 expectations:

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:

$24.99 / month

$249 / year

Cancel at any time through our billing provider, Stripe

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.