Daily iron ore price update (steel slide)

Friday 29 January 2016

Here are the iron ore charts for January 28, 2015:

Tianjin benchmark rose 0.5% to $41.50. Paper was soft. Rebar average firm and futures have been strong. Reuters has texture:

There was a pickup in physical trading activity in iron ore in China ahead of the week-long Lunar New Year holiday in early February, but volumes were modest.

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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.