Daily iron ore price update (Costanza market)

Monday, 17 December 2018

Iron ore prices for December 14, 2018:

Spot up. Paper up. Steel up. There’s nothing the iron ore Costanza market likes more than crashing Chinese demand data. That’s how conditioned it is to stimulus these days.

My outlook is unchanged. Strength through new year and January then weakness as demand falls away. I don’t think China is ready for more kitchen sink stimulus yet though I too think it is coming.

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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.