Daily iron ore price update (in line)

Wednesday, 13 April 2022

The ferrous complex rebounded on April 12, 2022:

Not much more to add today. Iron ore is still trading in line with broader commodities which are in turn a Ukraine/inflation play not based upon fundamentals.

That implies that it’ll take breaking inflation to break iron ore.

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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.