Daily iron ore price update (absurd)

David Llewellyn-Smith

Tuesday 8 March 2016

Here are the iron ore price charts for March 7, 2016:

Largest one day in history for spot with Tianjin benchmark up 19% to $62.60:

Paper can’t keep up. Rebar up huge. It is all absurd. From Platts:

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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.