Daily iron ore price update (strong)

Tuesday 31 May 2022

The ferrous complex is powering again in Chinese reopening hopes:

Again we saw the heavy Dalian bid overnight when Atlantic markets were open. This is a financialised play.

No change. Iron is going to trade in correlation with wider commodity markets unless or until we get a cleansing, probably global recessionary, event.

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.