Daily iron ore price update (noise not signal)

Tuesday, 10 September 2019

Texture from Reuters:

“The continued recovery from recent (supply) disruptions in Australia and Brazil showed in stronger iron ore imports,” an ANZ Research note said.

China increased its iron ore imports in anticipation of stockpiling ahead of China’s National Day holidays in early October, it added.

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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.