Daily iron ore price update (Banana Man returns)

David Llewellyn-Smith

Thursday, 9 November 2017

Iron ore price charts for November 8, 2017:

Tianjin benchmark rose 20 cents to $62.50. Paper took off last night. Steel is flat. Reuters has texture:

China’s iron ore imports fell nearly 23 percent in October from record levels the previous month, customs data showed on Wednesday, with steel mills in the world’s top producer cutting output as part of a government drive against pollution.

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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.