Daily iron ore price update (waiting on steel)

David Llewellyn-Smith

Tuesday 19 September 2017

Iron ore price charts for September 18, 2017:

Tianjin spot fell 10 cents to $70.80. Spot formed overnight. We’re still waiting for a break lower in steel, the one missing ingredient for a big correction.

It will surely come, via Reuters:

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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.