Daily iron ore price update (massive top)

Tuesday, 11 June 2019

Iron ore prices for June 10, 2019:

Spot up. Paper up more. Steel is struggling. Iron ore port stocks fell again last week to 121.6mt. The pace of decline has slowed marginally. Some are calling for $120 again:

Amid the supply crunch, demand for iron ore could pick up again in the coming weeks, according to Singapore-based steel and iron ore data analytics company Tivlon Technologies.

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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.