Daily iron ore price update (fog)

Wednesday 30 March 2022

The ferrous complex was soft on March 29, 2022:

Chinese authorities have resumed their operations with Dalian hiking transaction fees again.

However, for the time being, all that matters is the fog around Ukraine and OMICRON which may support prices until we get greater clarity. Against that, the Chinese PMIs will probably show more weakness.

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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.