Daily iron ore price update (splat)

Friday, 15 September 2017

Iron ore price charts for September 14, 2017:

Tianjin benchmark fell 70 cents to $73.40. Paper was flogged into the close yesterday but recovered some ground overnight. Steel has not updated but futures fell.

Yesterday’s China data showed clearly that demand is going to ease in the months ahead. But not crash. Floor area starts are on a glide slope lower, still up 7.6% year to date:

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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.