Daily iron pore price update (Brazil surge)

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Texture from Reuters:

“(Iron ore) is getting hit from both sides – softening demand and improving supplies from Australia and Brazil in the second half of 2019,” analysts at ANZ Research said in a note.

Hebei province has issued an “orange” smog alert effective Nov. 1, with pollution expected to be “severe”, the local environment bureau said on Wednesday.

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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.