Daily iron ore price update (new highs)

Friday, 14 September 2018

Iron ore prices for September 13, 2018:

There you go. New highs contrary to my best guess. Paper was firm overnight as well. Steel was soft yesterday.

I still say we’ll sink through Q4 but these political cross-currents make it more a guess than a forecast. Given we’ll be falling from a higher point we won’t go as low either. Let’s say $60 before new year.

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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.