Daily iron ore price update (pass the popcorn)

David Llewellyn-Smith

Monday, 24 April 2017

Iron ore price charts for April 21, 2017:

Spot up but lagging DCE futures which added a little more Friday night. Tianjin benchmark rose 4.2% to $67.40. Coking coal spot is crashing as expected, down -11% from the peak already and at $263 on Friday. Expect it to just keep on plunging. Thermal is steady but should erode too from here.

From the FT:

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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.