Daily iron ore price update (new low)

Monday, 2 October 2017

Iron ore price charts for September 29, 2017:

Tianjin benchmark fell 1.9% to trade at $61.50. Paper was flat. Steel futures eased. China is on holiday until Thursday so this week’s trade will focus on SGX.

More bearishness from Bloomberg:

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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.