Daily iron ore price update (pulverise)

Friday 30 October 2015

Here are the iron ore price charts for October 29, 2015:

Iron ore continued its passage south yesterday with Tianjin benchmark falling another 1% to $49. However, it may be that our nice run lower is about to pause as Dalian six month futures rose firmly overnight to 363. Rebar is still stalled and CISA fast data for early October was released and showed no deep cuts for Chinese steel.

In news, former RIO head and now Vendanta doyen Tom Albanese, via the SMH:

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:

$24.99 / month

$249 / year

Cancel at any time through our billing provider, Stripe

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.