Daily iron ore price update (no paper)

Friday 2 September 2016

Iron ore price charts for September 1, 2016

Tianjin spot fell -1% to $58.40. Paper took off overnight, up 3%, though the correlation with spot appears to have loosened in recent days. The steel peak looks convincing but G20 inventories are mucking it around.

In news, we have more data from Bernstein on rising shipments following Macquarie yesterday:

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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.