Daily iron ore price update (all bets are off)

Friday, 15 October 2021

The ferrous complex was mixed on October 14, 2021 as spot rose and paper eased:

The latest CISA numbers are out and show some bounce back from the late-September catastrophe with production back to 2017 levels:

But inventory levels also bounced strongly so output is probably now too high.

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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.