Daily iron ore price update (buy)

David Llewellyn-Smith

Friday, 26 October 2018

Iron ore prices for October 25, 2018:

All prices were roughly stable except coking coal futures which are still pointing to heaven. CISA output for early October remains insane. The entire ferrous complex is oblivious to wider ructions as coking coal is squeezed and China pours in stimulus.

We bought more major iron ore miners during yesterday’s stock rout.

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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.