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Iron ore price charts for November 4, 2016:
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Tianjin benchmark added 0.3% to 64.70. Paper eased Friday night. Coking coal futures are still chasing physical. Thermal rebounded. Steel is powering still which has lifted mill profitability a smidge.
No change. Waiting for the pin to pop the bubble. If I were China I would next move to tighten futures markets. Coking coal has turned nuclear:
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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.
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