Daily iron ore price update (rebar time)

David Llewellyn-Smith

Monday, 22 January 2018

Iron ore price charts for January 19, 2017:

Tianjin benchmark lifted $2 to $76.85. Paper and steel too. Steelhome released rebar inventories at 3.62mt up from recent record lows and about to launch into the New Year restock.

While that transpires expect prices to remain firm.

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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.