Australian banks Australian LNG Australian Shares Commodities Iron ore price

Big iron bonkers as Dalian rips again

Thursday, 14 April 2016

It’s becoming a bear market rally for the ages for big iron with BHP up 4.8%, RIO 3.1% and FMG 2.8% as Dalian is up another 5.5 points at the open:

RIO and FMG are now at new highs in the rally.

Big gas meanwhile is taking a breather with WPL -1.6%, OSH -1%, ORG 1.6% STO flat and LNG -2%:

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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.