Daily iron ore price update (the last hurrah)

Friday, 15 June 2018

Iron ore prices for June 14, 2018:

Tianjin benchmark was up 20 cents to $65. Paper was flat overnight. Steel is running. And is it any wonder with output like this:

Inventories are reasonable so it has to be underlying demand. As I’ve noted recently with the big rebound in exports, I think OBOR-demand is kicking in while the tail end of domestic stimulus is still active so we’ve got this hand-off boom in output.

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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.