Daily iron ore price update (pass the bourbon)

David Llewellyn-Smith

Friday, 13 December 2019

Iron ore charts for December 12, 2019:

Texture from Bloomie:

If anything, the rally in mainland steel prices might suggest an even more bullish interpretation. Prices for hot-rolled coil, which has mostly been sold at a discount to steel reinforcement bar over the past year, leaped to a 212 yuan-per-ton ($30.15/ton) premium in Shanghai on Thursday.

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.