Daily iron ore price update (stand back)

David Llewellyn-Smith

Thursday, 30 November 2017

Iron ore price charts for November 29, 2017:

Tianjin benchmark rose 20 cents to $67.20. Banana Man is loose. Stand back. Texture from Reuters:

Steel mills across northern China were ordered to curb sintering output by up to half from this month through March. Sintering, where iron ore is processed ahead of steelmaking, causes heavy 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.