Daily iron ore price update (Vale schmale)

Wednesday, 23 October 2019

Texture from Reuters:

China’s iron ore futures extended gains for a third session, buoyed by continued supply worries, after Brazil’s Vale closed a tailing dam earlier this month, and lowered full year iron ore and pellet sales guidance

The increase in prices was curbed by cooling demand as China is coming into autumn-winter heating season, when construction activity slows and may face restrictions depending on air quality controls.

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:

$24.99 / month

$249 / year

Cancel at any time through our billing provider, Stripe

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.