Daily iron ore price update (disrupted patterns)

Thursday 21 June 2018

Iron ore prices for June 20, 2018:

Tianjin benchmark was unchanged at $64.25. Paper and steel held on.

Normally we would see prices firming through July/August but as happened in H1, trade war fears disrupted seasonal price patterns, forcing it lower earlier then leaving it high later. The same is possible in H2 it seems.

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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.