A quick look at the spot iron ore (58% grade) price in graphical form over 2014

David Scutt

Scutt Partners

A quick look at the spot iron ore (58% grade) price in graphical form over 2014. In USD-terms it has now fallen 50% to $59.33 d/mt, the lowest level since MB records began in 2011 and well off the high of $155.73 struck on September 9, 2011. If any commodity analysts have information on the benchmark grades for major Australian mines it would be great to do a comparison. To make matters easier, given the spot price of the Australian Dollar 58% grade in local-currency terms is currently $69.45.

David Scutt
David Scutt
Independent Market Strategist
Scutt Partners

David is a Director of Scutt Partners Pty Ltd and has successfully worked in the financial services markets over the past 12 years with both large and smaller banking groups. He has provided strategic financial analysis for currency and interest...


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