Daily iron ore price update (coal dead cat)

Thursday, 4 November 2021

The ferrous complex was all over the place on November 3, 2021 as spot firmed, paper was whacked overnight and steel fell:

Thermal coal futures took off in a dead cat bounce yesterday that lifted the ferrous complex. Even so, Shanghai rebar is still falling:

And seaborne coking coal is still running its own race in Singapore:

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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.