Commodities Featured Article Iron ore price

The fat lady sings for iron ore

Monday 27 March 2017

It appears Chinese tightening has finally caught up with Banana Man as Dalian adds to its overnight tumble, down -4% now:

Dented hopes for Trumpflation are not helping either. We’ll probably approach the $70-handle tomorrow and I’d just like to add that having wiped some 14% off the price since the top that Chinese inventories are still skyrocketing. That is extremely bearish.

Needless to say, Big Iron is chasing it down:

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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.