Daily iron ore price update (snore)

Tuesday 24 July 2018

Iron ore price charts for July 23, 2018:

Spot is finally being dragged up a little by steel. Port stocks were up slightly last week.

It’s all pretty predictable seasonal strength. Next big move remains down. Look to September barring any trade war shock.

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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.