Daily iron ore price update (coal rocket)

David Llewellyn-Smith

Tuesday, 9 October 2018

Iron ore prices for October 8, 2018:

Spot down a touch but paper is flying. Steel came back firm. Conditions are fading in the steel market with the steel PMI at 52.

But coking coal is the story now. Chinese stimulus and supply disruptions have it running mad again. The key is this:

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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.