Daily iron ore price update (yawn)

David Llewellyn-Smith

Friday, 16 June 2017

Iron ore price charts for June 15, 2017:

Tianjin benchmark rose a sterling 20 cents to $53.70. Paper climbed overnight. Steel did yesterday. Who cares. From Reuters:

Chinese rebar steel futures climbed 3 percent to a two-week high on Thursday after authorities said the world’s top producer has achieved 85 percent of its capacity reduction target this year while rising supply limited gains in raw material iron ore.

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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.