Daily iron ore price update (off to the races?)

David Llewellyn-Smith

Monday, 4 June 2018

Iron ore prices for June 1, 2018:

Tianjin benchmark lifted 40 cents to $64.70. Paper was down overnight. Steel is warming up again. The steel PMI fell back to 50.6 but that is not enough to represent any kind of signal for such a volatile index. Coking coal is still strong and could drag the overall ferrous market higher.

From The Australian:

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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.