Daily iron ore price update (delayed reaction)

Wednesday, 15 November 2017

Iron ore charts for November 14, 2017:

Tianjin benchmark rose 90 cents to $62.80. Paper was burned overnight. Steel is range trading.

Yesterday’s China data clearly telegraphed the future of weakening demand. Real estate sales growth continues to fall at a good clip 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.