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Iron ore prices for March 2, 2017:
Spot firmed. Paper got crushed overnight. Steel holding up. Coal fading again.
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We’re clearly struggling to hold the $90-handle and the risks still appear tilted towards a sell-off. Not the big one, however. For that, steel needs to roll too.
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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.
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