Daily iron ore price update (the shunt)

David Llewellyn-Smith

Thursday, 2 April 2020

Iron ore prices for April 1, 2020:

Spot soft. Paper too. And steel. We appear to finally readying to shunt lower here. And why not? Chinese steel ouput has been cut:

But inventories remain unbelievable:

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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.