Daily iron ore price update (rebound)

David Llewellyn-Smith

Friday 24 March 2017

Iron ore price charts for March 23, 2017:

Spot firmed. DCE fell overnight by managed to close unchanged. Coal is still firm. Steel looks toppy.

While coal holds on there is an excuse to not run for the exits but I still see us biased lower. We’re just too high for developing circumstances. That’s where the debate is today:

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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.