Daily iron ore price update (the build)

Tuesday, 8 January 2019

Iron ore prices for January 7, 2018:

Everything up again, as expected. This is the strongest seasonal period of the year. Rebar inventories have made the turn and Chinese iron ore port stocks are up again too.

How far will the restock run is the question? Vertical Group is bearish:

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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.