Daily iron ore price update (end of the line)

Thursday 14 July 2022

The ferrous complex was mixed on July 13, 2022:

The big news was Chinese trade which saw a fall in iron ore imports to roughly 88mt. I defy anybody to look at this chart and tell me that Chinese consumption if iron ore has not peaked for the next thousand years:

Steel exports were up roughly 40% as China absorbs market share from Russia and Ukraine. A little offset to domestic weakness:

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.