Daily iron ore price update (FMG relief)

Monday 19 June 2017

Iron ore price charts for June 18, 2017:

Tianjin spot rose 20 cents to $53.90. Paper was flat overnight. Steel is firming again. We may need to see rebar roll over before iron ore takes another material leg lower. Port stocks fell 1.1mt to 138.95mt.

In news there is a little relief for FMG, via Platts:

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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.