Daily iron ore price update (firm)

Monday 20 February 2017

Iron ore price for February 17, 2017:

Spot firmed. Paper flat. Steel solid. Coals too. Port stocks increased another 600kt to 127.5mt. Nothing changed. Bubble inflation until we hit a demand hiccup.

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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.