Daily iron ore price update (limit down)

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The ferrous complex was murdered on the evening of February 12, 2022 as the sentiment bubble shuddered:

The cause we know:

On Friday, the NDRC and the SAMR said they plan to send a working team to some commodity exchanges and major ports to conduct investigation into iron ore market.

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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.