Daily iron ore price update (more output cuts)

David Llewellyn-Smith

Wednesday 17 November 2021

The ferrous complex was mixed on November 16, 2021 as spot firmed and paper plus steel fell:

CISA data for early November is out and picked up a little:

However, that 3.5% rise was enough to lift inventories by 5% so the underlying market clearly cannot take it.

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:

$24.99 / month

$249 / year

Cancel at any time through our billing provider, Stripe

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.