Daily iron ore price update (off to the races)

Thursday, 11 October 2018

Iron ore prices for October 10, 2018:

Spot up strongly again. Paper stalled overnight. Steel flat. The story remains coking coal, via Reuters:

China’s Dalian coke futures jumped more than 4 percent on Wednesday, as investors worried about tight supplies after the major coal mining province of Shanxi vowed to reduce annual coke output.

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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.