Daily iron ore price update (more shut-ins)

David Llewellyn-Smith

Wednesday 22 April 2020

Iron ore prices for April 21, 2020:

China’s weekly steel inventories are still falling at a good clip:

But output has risen in recent weeks so let’s see if it slows. Port stocks of iron ore have turned a little up again:

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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.