Daily iron ore price update: mixed messages (members)

David Llewellyn-Smith

Monday 18 August 2014

Here are the iron ore charts for 15th August, 2014:

Paper markets were up Friday but not with any conviction. Rebar futures remain near all time lows.

In physical markets, iron ore spot prices held their ground but rebar average has broken to a record low. Port stocks fell 690k tonnes on the week but remain huge. BDI cape jumped to its highest since March.

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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.