Daily iron ore price update (is the top in?)

Friday 31 May 2019

Iron ore prices for May 30, 2019:

Spot was slammed again. Paper too. Steel has eased but is still fine.

Is the top in? Nobody knows. It depends entirely upon Vale’s recovery. If Brucutu returns amid no more accidents then yes. If not then no.

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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.