Daily iron ore price update (be upstanding for the ton)

Monday 20 May 2019

Iron ore prices for May 17, 2019:

Be upstanding for the tone, something I thought we would never see again. Paper is still flying. Steel is stuck.

Remember that this is the weakest seasonal period. Unless Brucutu comes back, H2 is going to see $120 as China keeps stimulating to offset the trade war.

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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.