Daily iron ore price update (once upon a time)

David Llewellyn-Smith

Friday, 16 November 2018

November 15, 2018:

Spot down. Paper soared. Steel is still fading. By rights we should be falling but this market has become almost impossible to call.

Once upon a time it was one of the purest supply and demand markets around which made it easy to track. But the advent of futures, supply side reform, compulsive stimulus, trade wars, miner fiddles, coking coal issues and pollution reform has made it very difficult instead.

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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.