Australian banks Australian LNG Australian Shares Commodities Iron ore price

Big iron, gas bashed as Dalian sinks limit down

Tuesday, 26 April 2016

The bear market rally is struggling today as big iron retraces with BHP under $20 again -2.6%, RIO -3.3%, and FMG -6%. Dalian is getting hammered during the day now down -5%:

Big gas is also under the pump with WPL 0.4%, OSH -1.3%, STO -3.4%, ORG -3.5% and LNG 1.7%:

Banks are mixed with CBA 0.5%, WBC 0.8%, NAB -0.6%, ANZ -1.2%, BOQ flat, SUN -1.7%, BEN -1.1% and MQG -1.2%:

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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.