Daily iron ore price update (innovation)

Thursday, 8 March 2018

Iron ore prices for March 7, 2018:

Tianjin benchmark rose 20 cents to $75.20. Paper was down more overnight. Steel is holding but Winter cuts end in one week. It should begin to weaken shortly after. Coking coal is still joined at the hip with iron ore.

In news, a couple of stories point to the future. Via The West:

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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.