Daily iron ore price update (peak)

Wednesday, 7 November 2018

Iron ore prices for November 6, 2018:

Spot flat. Paper down. Steel down. Port stocks down to 141.65mt.

We appear to be entering the Q4 correction now, delayed by stimulus hopes. They appear to be a little ahead of the curve given the PMIs:

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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.