Daily iron ore price update (moon time)

David Llewellyn-Smith

Monday 8 June 2020

Iron ore prices for June 5, 2020:

Spot took off Friday. Paper as well. Port inventories of iron ore are still falling, down to 108mt. CISA steel output hit outrageous all-time highs above 2.09mt for the late May fortnight.

The industrial base in China is stuffed, leveling off at 90% output. And that is being offset by a new empty apartment boom, via Capital Economics:

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:

$24.99 / month

$249 / year

Cancel at any time through our billing provider, Stripe

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.