When will iron ore crash next?

Friday 19 January 2018

When will iron ore crash next? Via Deutsche:

Try April-June!

There are good reasons for it. March marks the peak of the post Winter restocking and running into June we see steel mills selling inventory to raise year-end cash for taxes just as miners glut the market to reach year-end volume targets.

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.