Daily iron ore price update (11 dead)

Thursday, 7 June 2018

Iron ore prices for July 6, 2018:

Tianjin benchmark lifted 45 cents to $65.20. Paper was flat overnight. Steel is still trying but under the deluge of output can’t rally. CISA mid-May output was still astonishing if lower at 1.97mt per day.

Reuters reports that:

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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.