Another reason for the iron ore rally

Wednesday 2 March 2016

From UBS:

Tangshan’s International Horticultural Exhibition opens 29 April

Tangshan, in Hebei province in China, opens its International Horticultural Exhibition from 29th April to 16th October – about 5½ months in total. Ahead of the opening of the garden show, there have been media reports that the local government in Tangshan would require polluting enterprises to shut for part of the time the show is underway so as to reduce airborne pollution. We consider the potential measures and their likely impacts on the iron ore & met coal markets.

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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.