Advertisement
Iron ore price for February 9, 2017:
A new rebound high for Qingao spot. Paper is up again overnight. Steel is firm which is normal for this time of year as mills restock and construction resumes post-CNY. It looks like the market will need to have coming weakness spelled out to it. Both coals look set to fall further with thermal edging to new correction lows.
Not much in news but here’s a Platts primer on where Indian iron ore is at and going:
The full text of this article is available to MacroBusiness subscribers
Cancel at any time through our billing provider, Stripe
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.
Advertisement