Daily iron ore price update (Port Hedland supply)

Advertisement

by Chris Becker

The iron ore complex inverted yesterday with spot prices and short term Dalian futures falling back while the Singapore long dated futures rose as the restocking meme slowed down:

Advertisement

Port Hedland is fast tracking the wealth out of the country with record exports, surpassing half a billion tonnes again in 2019.

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:
Cancel at any time through our billing provider, Stripe