Daily iron ore price update (waiting)

Monday 2 July 2018

Iron ore prices for June 29, 2018:

Tianjin benchmark lifted 50 cents to $64.45. Paper fell Friday night. Steel jumped. There’s oodles of supply of everything. We’re waiting for a clear signal that demand is going to fall in China.

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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.