Daily iron ore price update (flame out)

David Llewellyn-Smith

Thursday 7 December 2017

Iron ore price charts for December 6, 2017:

Tianjin benchmark fell $3.10 to $67.70. Paper stabilised overnight. Steel is still very high. Texture from Reuters:

Steel demand in China has been stronger than expected despite the seasonal slowdown during winter, with construction activity in eastern and southern parts of the country “quite robust,” said Richard Lu, analyst at CRU in Beijing.

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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.