Daily iron ore price update (up we go)

Thursday 5 December 2013

Find below the iron ore price table for December 4, 2013:

There’s a pretty decent rally in the offing here I reckon. Rebar has stabilised even if it’s still low. The year end restock is underway in preparation for the Q1 steel inventory build and cyclone season disruptions, Chinese data is motoring along fine.

I’m looking to hit new post-March highs.

Not much in news but here’s an FT Lex video on the cost-out deflation trend:

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.