Daily iron ore price update (Indian pile)

Monday 22 February 2016

Here are the iron ore charts for February 21, 2016:

We’re off to the races alright. Spot flying with Tianjin benchmark up again to $47. Paper has launched. Rebar too. POrt stocks rose marginally last week. China’s new stimulus has caught mills short and the restock will run as far as it needs to. Don’t mistake this for a “recovery”.

In news, India is mulling a major shift in policy:

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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.