Daily iron ore price update (rebar)

Wednesday 4 July 2018

Iron ore prices for July 3, 2018:

Tianjin benchmark eased 5 cents to $63.75. Paper was down overnight. Coking coal has faded quite a bit. Steel is holding despite rebar inventories stabilising at 4.72mt, up 30% year on year.

Still just waiting for a slowing China to take prices slower.

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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.