Daily iron ore price update (Roy Hill deluge)

David Llewellyn-Smith

Monday 11 July 2016

Iron ore charts for July 11, 2016:

All metrics firmed with Tianjin benchmark up 0.4% to $55.40. From Reuters:

Shanghai steel futures recovered from an early fall on Monday, as the government in a key steel producing area ordered output cuts to fight pollution.

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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.