Daily iron ore price update (accident waiting to happen)

David Llewellyn-Smith

Tuesday 27 July 2021

The ferrous complex was OK on July 26, 2021 as spot firmed and paper held. Steel has not updated:

In other data, Chinese mills are restocking which is typical for this of year. Port inventories lifted to 129.5mt:

This will aid prices while it lasts.

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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.