Daily iron ore price update (mill gouging?)

Monday 21 March 2016

Here are the iron ore price charts for March 18, 2016:

Spot tearing again with Tianjin benchmark up 1.6% to $56.30. Paper on fire with Dalian up six points overnight. Rebar following again. The speculators live!

In news, Platts paints a picture of great steel market confusion:

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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.