Daily iron ore price update (smash)

David Llewellyn-Smith

Wednesday 20 June 2018

Iron ore prices for June 19, 2018:

Tianjin benchmark was hit $1.75 to $64.25. Everything was bashed though the damage is pretty limited so far. I expect it will get worse before it gets better. Trump looks determined and China cannot win. Trade wars are toxic for surplus nations.

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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.