Australian LNG Commodities Iron ore price

Big iron and gas dead cat rises

David Llewellyn-Smith

Friday 29 January 2016

It’s dead cat day with BHP up 1.5%, RIO up 0.5% and FMG up 10% on a Credit Suisse upgrade:

Dalian is flat.

For big gas it’s much the same with WPL up 3.7%, OSH up 3%, ORG and STO up 4.5% each and LNG up 2.4%:

Impossible to know how far this runs. Not much further on news flow would be my guess but oil markets were very short so could keep running on that alone.

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.