Daily iron ore price update (capitulation)

David Llewellyn-Smith

Wednesday, 22 November 2017

Iron ore price charts for November 21, 2017:

Tianjin benchmark broke out, up $1.70 to $64. Steel took off. Coking coal is off and running. Texture from Reuters:

Investors continue to look towards the pent up demand in early 2018 when the winter production constraints are removed,” ANZ analysts said in a note.

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:

$24.99 / month

$249 / year

Cancel at any time through our billing provider, Stripe

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.