Daily iron ore price update (becalmed)

Friday, 1 September 2017

Iron ore price charts for August 31, 2017:

Tianjin benchmark rose only 40 cents to $75.80 and is becalmed versus the hysterics at Dalian, which took off again yesterday. Steel fell. Coking coal is up again. Thermal appears likely to have topped.

Yesterday’s steel PMI showed the boom runs unabated:

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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.