Daily iron ore price update (to the moon)

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Iron ore prices for May 29, 2020:

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Everything to the moon.

The China PMI has construction registering above 60 again, boom-time levels. This is despite what remains a weak Chinese recovery:

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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.