Don’t kid yourself, iron ore is going to slump too

Wednesday 18 March 2020

Iron ore prices for March 17, 2020:

The office of Chief Economist is out today with a revised outlook and see sizeable price falls ahead:

For that 2019/20 average to reach $75CFR is will need to fall a fair bit into FYQ4. The good news is the free falling AUD has local prices actually rising.

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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.