Daily iron ore price update (unchanged)

Friday, 17 April 2020

Iron ore prices for April 16, 2020:

A bit of news to note:

Mills are restocked somewhat: Stocks of imported iron ore sintering fines at the 64 Chinese steel mills under Mysteel’s weekly survey swelled to a two-month high of 16.8 million tonnes over April 9-15, as most Chinese steelmakers had urgent replenishment demand amid relatively high operating rates of their sintering machines, market sources said on Thursday.

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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.