Daily iron ore price update (murder)

Thursday 25 February 2016

Here are the iron ore price charts for February 24, 2015:

Spot slipped with Tianjin benchmark down 0.6% to $50.20. Singapore paper is pulling back but Dalian is still bid. Rebar is slowing. Reuters has texture:

Traders are keeping price offers for spot iron ore cargoes high, hoping to sustain the upward momentum, said a Shanghai-based trader.

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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.