Daily iron ore price update ($60)

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Iron ore price charts for October 25, 2017:

Tianjin benchmark fell 60 cents to $61.10. It is trying to hang on to $60. Paper was soft. Steel strong. Reuters has texture:

Mills in northern Chinese cities are reducing production in line with the government’s orders to limit pollution over winter, helping steel prices climb 6 percent from mid-October.

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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.