Daily iron ore price update (ports)

Wednesday 29 July 2020

Iron ore prices for July 28, 2020:

Chopping around broader risk sentiment. Port inventories hit 115mt last week:

How high they go this round will depend upon how long Brazil is out. I’d say at least 140mt. Brazil’s virus count is still very bad:

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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.