Daily iron ore price update (still selling the rallies)

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The iron ore price fell sharply on Friday 12, 2021. Both spot and paper markets were hit hard and the latter kept falling overnight. Steel held up:

Iron ore prices

Iron ore prices

Tianjin iron ore spot chart

Tianjin iron ore spot chart

Dalian looking toppy

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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.