Daily iron ore price update (Brazil bust)

Sunday 5 April 2020

Iron ore prices for April 3, 2020:

Spot is at the lows of its recent trading range. Paper too. I’m not sure what’s happened to coking coal futures and whether this is reflected in the physical market. I will report back on that.

Brazil released March export figures of 21.71mt which is terrible thanks to heavy rains:

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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.