Australian banks Australian LNG Australian Shares Gold Iron ore price

Dalian sinks, Big Iron follows

David Llewellyn-Smith

Thursday, 17 November 2016

Dalian is open and sinking steadily, down -3.4% as I write:

Coking coal has erased overnight gains and is down -1.1%:

Big Iron is holding up OK with BHP -0.25%, RIO flat and FMG -0.7%. For some unknown reason WHC is up 1% as thermal coal crashes (perhaps its now mining coconuts):

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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.