Daily iron ore price update (a change of seasons)

David Llewellyn-Smith

Thursday 27 September 2018

Iron ore prices for September 26, 2018:

Everything is pretty much at equilibrium for now. Normally we would already be into seasonal weakness:

But Reuters captures what has happened, I think:

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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.