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The Australian has produced a simple video for those that need an executive summary of what’s happening in the iron ore price.
It’s accurate except misses the point that equities have pointedly not been tracking iron ore lower this time (at least the large ones haven’t):
Small producers have:
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Dalian futures have opened flat today. Rebar futures up. Equities are struggling.
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.
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