Daily iron ore price update (another run)

David Llewellyn-Smith

Tuesday 16 July 2019

Spot jumped. Paper went nutso. Steel was firm but is still stuck.

It was all about Chinese data which showed a big push into MOAR empty apartments:

I just don’t think that this matters terribly. Record steel output:

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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.