Daily iron ore price update (Brazil shocker)

Thursday 4 June 2020

Iron ore prices for June 5, 2020:

We’ve stalled for now. Chinese indicators appear to have settled at around 90% capacity recovery in everything except building:

Brazilian supply remains the key story. Virus to the moon:

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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.