Will iron ore rebound into year end?

David Llewellyn-Smith

Thursday, 26 November 2015

The spruik is about to begin for an imminent rebound in iron ore prices. Is it possible?

There are reasons to think to think so. In the past there has been a technical restock by steel mills because:

they run down stocks during the slower winter and need to replenish them;
they tend towards a steel inventory build in Q1, and
the Pilbara wet cyclone season threatens supply disruptions so mills seek a buffer.

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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.