Daily iron ore price update (falls ahead)

David Llewellyn-Smith

Thursday 18 April 2019

Iron ore prices for April 17, 2019:

Spot spanked on Brucutu. Paper more. Steel solid. Port stocks are climbing, 149mt last week, suggesting no shortage or ore.

We might see some price strength as mills restock a little longer but the clear risk now is more price falls moving into May/June which is a very seasonally soft period for iron ore:

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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.