Daily iron ore price update (bullet proof)

Friday, 12 October 2018

Iron ore prices for October 11, 2018:

Spot was down. Paper and steel firm. This market is bullet proof at the moment, supported by coking coal supply disruptions into Chinese stimulus.

Fundamentals are not very good for demand over the next six months and that will dawn at some point but for now it’s all about supply.

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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.