Daily irion ore price update (SGX dump)

David Llewellyn-Smith

Monday, 24 August 2020

Iron ore prices for August 22, 2020:

Most measures down. I’ve dropped SGX. It’s become little more than the Dalian dag. Port inventories lifted to new highs but they have 30mt to go. Steel mill must be hurting on margins, though it does not matter given their policy role now.

Empty apartment sales still booming in China:

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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.