Daily iron ore price update ($120 plus)

Monday, 15 April 2019

Iron ore prices for April 12, 2019:

Spot was strong and at new highs. Paper is consolidating. Steel is firm. Chinese trade data for March saw a good rebound in steel exports to 6mt and change. Iron ore imports were at 86.4mt, up a little year on year and enough to slow the rolling annual decline.

Reuters has texture:

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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.