Daily iron ore price update (equilibrium)

Wednesday 20 February 2019

Iron ore prices for February 19, 2019:

Looks like for now Vale is priced given the overnight news did not support the market. Unless we see some more materially damaging developments, weakening Chinese demand may begin to ease prices henceforth.

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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.