Daily iron ore price update (to the moon!)

David Llewellyn-Smith

Friday, 8 May 2020

Iron ore prices for May 7, 2020:

Spot didn’t rise but Banana Man is back in Dalian. Why steel is rising is anybody’s guess. The glut remains titanic. Coking coal got a short term boost from the QLD mining explosion.

Chinese iron ore imports were pretty good in March:

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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.