Daily iron ore price update

David Llewellyn-Smith

Monday 5 August 2013

Find below the iron ore price table for July 2, 2013:

Rebar futures rose on the day.

And the charts, for spot and swap:

Rebar:

The spot/swap spread remains about $10 bucks out of whack:

And the rebar/spot spread more like $25:

I still expect prices to gradually fall away on seasonal weakness with the possibility of sharp falls.

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.