Daily iron ore price update (onwards and upwards)

David Llewellyn-Smith

Tuesday 8 December 2020

Iron ore prices for December 7, 2020:

Spot booming. Paper too. Steel stalled with margins for mills getting crushed.

Brazilian November exports fell to 31mt:

I don’t know what Vale is doing. It’s supposed to be increasing volumes. Chinese imports were down in November too:

Still bullish on prices for the next six months.

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.