Daily iron ore price update (searing)

Tuesday, 22 August 2017

Iron ore price charts for August 21, 2017:

Tianjin benchmark poured it on, up $3 to $78.10. Paper lifted overnight. Coking coal is having more trouble post-futures limits. Reuters has more:

The Dalian Commodities Exchange on Friday said it will limit the daily purchases and sales of contracts for delivery in January and February to 6,000 lots since Tuesday. The January contract is currently the most active iron ore future on the exchange. Each lot is 100 tonnes of 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.