Daily iron ore price update (restocking)

David Llewellyn-Smith

Monday, 7 January 2019

Iron ore prices for January 4, 2019:

Everything was up Friday. This is typical seasonal restocking activity. Expect it to run for most of January.

Beyond that I am bearish. China has not delivered enough stimulus yet. The steel PMI in December remains quite weak as does the steel price.

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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.