Daily iron ore price update (surge)

David Llewellyn-Smith

Wednesday, 26 July 2017

Iron ore price charts for July 25, 2017:

Tianjin benchmark jumped $2.80 or 4.2% to $69.70. Paper is at new breakout highs overnight. Steel is holding up. Coking coal is along for the rise.

A bunch of positives converged yesterday. Samarco is going nowhere:

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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.