Daily iron ore price update (no cyclone)

David Llewellyn-Smith

Thursday 16 January 2020

Iron ore price charts for January 15, 2019:

Spot fell. Paper is firm. Steel treading water. Chinese port inventories of ore fell to 127.9mt last week. This is marginally bullish given it has heppened during price strength.

The excitement raised by Tropical Cyclone Claudia is over:

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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.