Daily iron ore price update (smashed again)

Friday, 11 December 2015

Here are the iron ore price charts for December 10, 2015:

Tianjin spot was smashed 2.1% to $37.50. Dalian six month futures were unchanged overnight. Rebar is going through the last heaving sighs of a dying animal.

Reuters has texture:

“The sentiment is still quite bearish,” said a Shanghai-based iron ore trader. “We’re not seeing a lot of bids.”

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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.