Daily iron ore price update (2018 low)

Friday 6 July 2018

Iron ore prices for July 6, 2018:

Tianjin benchmark hit a new 2018 low of $62.50. Paper firmed a little overnight. Coking coal is fading in lockstep. Steel is still holding. CISA output in mid-July is still insane at 1.99mt per day.

Bloomie captures the moment:

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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.