Daily iron ore price update (much lower yet)

Thursday, 29 March 2018

Iron ore price charts for March 28, 2018:

Tianjin benchmark fell 40 cents to $63.05. Paper was stable overnight. Coking coal is catching down. Steel bounced a little.

This is not over by a long shot. May is the weakest month on the iron ore calendar. June is almost as bad as mills destock into their tax year end:

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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.