Daily iron ore price update (Brazilian bust)

David Llewellyn-Smith

Wednesday, 4 March 2020

Iron ore price charts for March 3, 2020:

Spot down. Paper down. Steel up.

Strong iron ore prices can to some extent be explained by shockingly weak Brazilian exports. The last three months have seen some 120mt of annualised supply offline:

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:

$24.99 / month

$249 / year

Cancel at any time through our billing provider, Stripe

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.