Daily iron ore price update (fantasy land)

David Llewellyn-Smith

Tuesday, 8 December 2015

Here are the iron ore charts for December 7, 2015:

And and by special request, iron ore in AUD has collapsed to $50.30:

So, spot is now free falling without the help of paper markets. Tianjin benchmark was smashed 1.3% to $38.90. Dalian fell to 289 last night for what that’s worth. Rebar is dead. Port Hedland November shipments rebounded a little but offer little insight.

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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.