Daily iron ore price update (sell)

David Llewellyn-Smith

Friday 9 March 2018

Iron ore prices for March 8, 2018:

Tianjin benchmark was splattered $3.20 to $72. Paper burned overnight. Coking coal too. Steel cracked yesterday.

And why not? Inventories of everything are crazy. Supply is about to boom for steel. Steel exports are way down at 4.85mt in February, from yesterday:

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:

$24.99 / month

$249 / year

Cancel at any time through our billing provider, Stripe

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.