Daily iron ore price update (high airs)

Advertisement

Iron ore price charts for March 16, 2017:

Capture 6 4 3

Spot up again but paper faded overnight again underlining that these high airs are difficult to sustain. It will take something pretty special to push us higher. Coal faded too. Steel is edging higher still.

No change to my outlook.

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:
Cancel at any time through our billing provider, Stripe
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.