Daily iron ore price update (time to duck)

David Llewellyn-Smith

Monday 3 September 2018

Iron ore price charts for August 31, 2018:

Spot firmed. Paper fell. Steel is retracing. We’re into September and that is not good for iron ore:

We may see the cycle distended a little by preparations for Winter shutdowns but I still think it will hold sway.

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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.