Daily iron ore price update (FMG discounts)

David Llewellyn-Smith

Wednesday, 27 November 2019

Iron ore charts for November 26, 2019:

I still don’t expect this rally to get far but neither do I expect a new crash until we are through new year.

In news, FMG is signalling that despite solid apparent demand during the restock, all is not well with underlying demand:

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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.