Daily iron ore price update (hammered again)

David Llewellyn-Smith

Wednesday, 16 March 2022

The ferrous complex was hammered again on March 15, 2022:

As expected, we are trading in line with broader commodity sentiment. Some charts from Morgan Stanley:

All pretty normal stuff. We should be trading well below $100 but it’s in the lap of the Fed when we get there now.

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:

$24.99 / month

$249 / year

Cancel at any time through our billing provider, Stripe

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.