Daily iron ore price update (coking coal goes bonkers)

David Llewellyn-Smith

Friday 11 March 2022

The ferrous complex was down on March 10, 2022:

The latest wild market movements are in coking coal which is trading at the ludicrous price of $635!

Russia exports some 38mt of coking coal, more than 10% of the global export market so this move has some justification.

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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.