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Iron ore pulls a Constanza

Tuesday 2 May 2017

Chinese soft data maybe falling away fast but Dalian is doing the opposite with coking coal and especially iron ore flying:

I’ve no idea why Dalian is pulling a Costanza but it probably has something to do with mill closures or the like. Noise basically. Still, Big Iron is enjoying it:

Big Gas is also firm:

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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.