Daily iron ore price update (just awful)

Monday, 28 March 2022

The ferrous complex was strong on March 25, 2022:

Chinese demand is just awful but production is only terrible:

There is still nothing fundamental to rationalise such high prices but we’ve got so many disruptions to both supply and demand in raw materials and finished steel that fog has settled over the market and bidding is the safer risk-adjusted course for traders and mills

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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.