Daily iron ore price update (all about Vale)

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Iron ore price charts for January 15, 2019:

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Spot is strong. Paper following. Steel is is OK. This is perfectly normal for this time of year:

Iron ore imports in December boomed on seasonal restocking, hitting 101.3mt the thrid highest ever and enough to finally flop into the positive on the rolling annual for a bit:

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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.