Daily iron ore price update (spreads)

David Llewellyn-Smith

Thursday 19 December 2019

Iron ore charts for December 18, 2019:

Spot is down. Paper stable. Steel has not updated. It’s worth nothing that the BDI is strongly suggesting that the restock is past its peak:

Another sign of a topping market is spreads, via Argus:

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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.