Daily iron ore price update (paper highs)

Thursday, 16 March 2017

Iron ore price charts for March 15, 2017:

Spot jumped. Tianjin benchmark is at $92.10. Dalian is at new closing highs for the rally. Other prices have not updated.

Chinese data was good enough but not this good. More inventories if it continues. Any time we’re above $90 the market is going to struggle.

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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.