Daily iron ore rpice update (holy moly)

Monday, 17 February 2020

Iron ore prices for Febraury 14, 2020:

Spot stable. There is evidence of manipulation in DCE paper. Every day last week it surged in the final minutes of trade amd physical has dislocated. If I had to guess I’d say the big miners, or trading allies, are behind it.

Innews, the virus impact is still in a fog. The Goldman charts are a true “holy moly”:

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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.