Daily iron ore price update (Goldman)

Friday, 15 May 2020

Prices for May 15, 2020:

Goldman has a wrap:

Goldman Sachs says the iron ore price could retreat to $US70 a tonne as the market moves into surplus in late May-June before rebounding back to $US85 a tonne in the fourth quarter.

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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.