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.
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.
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.
Latest posts by Houses and Holes (see all)
- ECB is no FED - May 23, 2022
- US labor market breaking? - May 23, 2022
- “Sell the rips” - May 23, 2022
YOU MAY ALSO BE INTERESTED IN
Daily iron ore price update (rates)
The ferrous complex was strong on May 20, 2022
Daily iron ore price update (steel shred)
The ferrous complex was pounded on May 18,
Daily iron ore price update (correlation is king)
The ferrous complex was soft on May 17, 2022
Daily iron ore price update (at a loss)
The ferrous complex firm on May 16, 2022. Spot