Daily iron ore price update ($60 this year)

David Llewellyn-Smith

Tuesday, 16 August 2022

The ferrous complex was pasted on August 15, 2022:

The futures contracts rolled forward so some of the damage is duration.

This followed the terrible China data which was reinforced by the latest CISA output numbers running at 2018 levels:

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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.