Daily iron ore price update (Samarco)

David Llewellyn-Smith

Thursday, 1 March 2018

Iron ore prices for February 2018:

Tianjin benchmark fell 65 cents to $78.90. Paper and steel are still firm. The China steel PMI fell to 49.5. There’ll be more noise ahead for that as Winter shutdowns pass but the trend is unmistakable.

Vale results have thrown up some points. Samarco is till in the offing:

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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.