Daily iron ore price update (rebound as future sours)

Friday, 21 April 2017

Iron ore price charts for April 20, 2017:

Spot up. Paper up more overnight. Steel falls slowed. Coking coal futures roared. Obviously we’re into some kind of dead cat bounce here. Who knows how far it gets.

And who cares. The news flow tells you what’s coming. On top of RIO’s poor first quarter production Vale’s first quarter production tells you everything you need ot know:

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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.