Daily iron ore price update (Singapore sling)

Tuesday, 28 January 2020

China is closed so there’s not much to update but those hoping the virus won’t impact iron ore had better take a look at SGX futures, which are trading:

The damage is less further out the curve, which makes sense, but expect this to get worse before it gets better.

Meanwhile, from Global Steel:

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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.