Daily iron ore price update ($200?)

Thursday 10 December 2020

Iron ore prices for December 9, 2020:

Spot goes up no matter what. Paper is on fire again. Steel is stuck and margins are collapsing.

Never underestimate the iron ore market’s ability to move far and fast. Few markets are so pure in terms of price responsiveness to supply and demand shifts.

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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.