Daily iron ore price update (rolling over?)

David Llewellyn-Smith

Wednesday 27 June 2018

Iron ore prices for June 26, 2018:

Tianjin benchmark was up cents to $64.65. Paper is hanging onto hope from stimulus. CISA steel output remains phenomenal at 1.98mt and it is breaking futures.

Today it still looks to me like we’re topping out. Watch steel for the future of bulks.

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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.