Daily iron ore price update (obvious bubble)

David Llewellyn-Smith

Monday 30 January 2017

Iron ore prices for January 30, 2017:

Mostly closed. Thermal is stable for now. But it, like coking coal, has more falls ahead, timed by what new consolidation policies China launches in April. I expect them to much brighter than this year!

Steel mill margins improved materially during January as the coking coal price crashed close to $170, with more of that ahead:

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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.