Daily iron ore price update (to the moon!)

David Llewellyn-Smith

Tuesday, 7 December 2021

The ferrous complex was firm on December 6, 2021 as spot lifted, paper soared overnight and steel eased:

The Chinese RRR cut triggered the futures jump. I have no idea how far it will run.

Coal futures went the other way and that’s what actually matters:

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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.