Daily iron ore price update (fade out)

Monday 29 February 2016

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

Tianjin spot down 0.4% at $US49. Paper flamed out. Rebar firm. Port stocks up a marginal 200k tonnes. Texture from Reuters:

“While we believe that iron ore prices could remain elevated for some time, we think investors should be prepared to go short if iron ore prices show signs of turning around,” Japanese financial firm Nomura said in a note.

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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.