Daily iron ore price update (down)

Wednesday 15 June 2016

Iron ore charts for June 14, 2016 below:

Tianjin benchmark fell 1.9% to $50.80. Paper is aflame with Dalian down another -1% overnight. Rebar average is firm on temporary Tangshan shutdowns. It won’t last. More price erosion ahead.

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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.