Daily iron ore price update (onward)

David Llewellyn-Smith

Monday 31 October 2016

Iron ore charts for October 28, 2016:

Tianjin benchmark rose 1.3% to $63.10. Paper up even more overnight. Rebar stalled. Steel mill profitability is at new lows. Coking coal was unchanged. Thermal hit a new high.

In news, RIO is out of Simandou:

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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.