Iron ore prices for January 21, 2021:
Spot and paper up. CISA released late December steel output:
There was a serious demand surge into late December in China. This was the same period that steel inventories got run down so it was big. It helps explain some of the explosive price action.
No change to the outlook. Peaking Q2 and down inot H2.
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.
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.
Latest posts by David Llewellyn-Smith (see all)
- Australian dollar dislocates from greenback amid dirt frenzy - February 26, 2021
- Goldman’s bullish oil case - February 25, 2021
- Frydenberg Unstimulus sinks into capex funk - February 25, 2021
YOU MAY ALSO BE INTERESTED IN
Goldman's bullish oil case
Goldman is pumping this one like there is no
CBA: Iron ore to crash in 2021
Gareth Aird, head of Australian economics at CBA,
Daily iron ore price update (preposterous output)
Iron ore prices traded flat yesterday. Paper
Commodities "super-cycle" turns Wall St ponzi scheme
The post-pandemic environment is deeply