Daily iron ore price update (squeeze ease)

Friday 16 October 2020

Iron ore prices for October 15, 2020:

Spot is still under pressure which I expect to continue for now. There was a little easing in the Chinese property sales dump:

No change then. Lower yet then higher into new year unless we see this little property shock develop.

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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.