Daily iron ore price update (tug-of-war)

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Iron ore prices for May 9, 2019:

Spot firm. All else down on trade war tensions and weak Chinese credit. RIO is tempted, says Sebastian Jacques at the AFR:

“What the team is doing is to ask, if we add additional volume what will be the impact on price, you do the model,” he said.

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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.