Daily iron ore price update (woohoo)

Advertisement

Iron ore price charts for July 18, 2017:

Tianjin spot climbed $1.30 to $68.20. Paper kept going overnight. Steel has not updated. Coals are powering.

We’re off the hook again. At least this time is has some underpinning with Chinese realty holding up well. I has further to run given inventories:

Advertisement

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.